Xtrackers Municipal Infrastructure Revenue Bond ETF (NYSEARCA:RVNU) Short Interest Up 28.7% in January

Xtrackers Municipal Infrastructure Revenue Bond ETF (NYSEARCA:RVNU) was the target of a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 19,821 shares, a growth of 28.7% from the December 31st total of 15,400 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average daily volume of 16,030 shares, the short-interest ratio is currently 1.2 days. Based on an average daily volume of 16,030 shares, the short-interest ratio is currently 1.2 days. Approximately 0.4% of the company’s shares are short sold.

Xtrackers Municipal Infrastructure Revenue Bond ETF Stock Up 0.2%

Shares of RVNU traded up $0.04 during trading hours on Monday, reaching $24.75. 10,707 shares of the stock traded hands, compared to its average volume of 16,553. Xtrackers Municipal Infrastructure Revenue Bond ETF has a 52-week low of $22.51 and a 52-week high of $25.52. The company’s 50-day moving average price is $24.70 and its two-hundred day moving average price is $24.45.

Xtrackers Municipal Infrastructure Revenue Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, February 9th. Shareholders of record on Monday, February 2nd will be given a dividend of $0.0767 per share. This represents a c) dividend on an annualized basis and a yield of 3.7%. This is a boost from Xtrackers Municipal Infrastructure Revenue Bond ETF’s previous monthly dividend of $0.07. The ex-dividend date is Monday, February 2nd.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Bank of New York Mellon Corp increased its holdings in shares of 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 during the period. Goodman Advisory Group LLC lifted its position in shares of Xtrackers Municipal Infrastructure Revenue Bond ETF by 166.4% during 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 last quarter. Ameriprise Financial Inc. boosted its holdings in shares of 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 buying an additional 23,047 shares in the last quarter. Finally, NewEdge Advisors LLC bought a new stake in shares of Xtrackers Municipal Infrastructure Revenue Bond ETF in the 3rd quarter valued at about $29,000.

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.