Xtrackers Municipal Infrastructure Revenue Bond ETF (NYSEARCA:RVNU) Short Interest Update
by Scott Moore · The Cerbat GemXtrackers Municipal Infrastructure Revenue Bond ETF (NYSEARCA:RVNU – Get Free Report) saw a significant growth in short interest in February. As of February 27th, there was short interest totaling 21,330 shares, a growth of 62.6% from the February 12th total of 13,115 shares. Based on an average daily trading volume, of 8,941 shares, the days-to-cover ratio is currently 2.4 days. Approximately 0.4% of the shares of the company are sold short. Approximately 0.4% of the shares of the company are sold short. Based on an average daily trading volume, of 8,941 shares, the days-to-cover ratio is currently 2.4 days.
Institutional Investors Weigh In On Xtrackers Municipal Infrastructure Revenue Bond ETF
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Goodman Advisory Group LLC boosted its stake in shares of Xtrackers Municipal Infrastructure Revenue Bond ETF by 166.4% in the third quarter. Goodman Advisory Group LLC now owns 244,982 shares of the company’s stock valued at $6,044,000 after buying an additional 153,032 shares during the period. Ameriprise Financial Inc. raised its holdings in Xtrackers Municipal Infrastructure Revenue Bond ETF by 43.5% in the 3rd quarter. Ameriprise Financial Inc. now owns 75,988 shares of the company’s stock valued at $1,875,000 after acquiring an additional 23,047 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Xtrackers Municipal Infrastructure Revenue Bond ETF by 1.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 506,805 shares of the company’s stock valued at $12,158,000 after acquiring an additional 6,041 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its position in shares of Xtrackers Municipal Infrastructure Revenue Bond ETF by 101.5% during the 4th quarter. NewEdge Advisors LLC now owns 2,354 shares of the company’s stock valued at $58,000 after acquiring an additional 1,186 shares during the period.
Xtrackers Municipal Infrastructure Revenue Bond ETF Price Performance
NYSEARCA:RVNU traded up $0.15 during mid-day trading on Friday, reaching $24.69. 15,008 shares of the company’s stock were exchanged, compared to its average volume of 16,512. Xtrackers Municipal Infrastructure Revenue Bond ETF has a one year low of $22.51 and a one year high of $25.15. The business’s fifty day simple moving average is $24.78 and its two-hundred day simple moving average is $24.68.
Xtrackers Municipal Infrastructure Revenue Bond ETF Cuts Dividend
The firm also recently announced a monthly dividend, which was paid on Monday, March 9th. Shareholders of record on Monday, March 2nd were given a dividend of $0.0734 per share. This represents a c) dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date was Monday, March 2nd.
Xtrackers Municipal Infrastructure Revenue Bond ETF Company Profile
The Xtrackers Municipal Infrastructure Revenue Bond ETF (RVNU) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index of investment-grade muni bonds backed by revenue from infrastructure projects. Constituents have at least 10 years remaining to maturity. RVNU was launched on Jun 4, 2013 and is managed by Xtrackers.