Short Interest in Xtrackers Municipal Infrastructure Revenue Bond ETF (NYSEARCA:RVNU) Drops By 57.3%

Xtrackers Municipal Infrastructure Revenue Bond ETF (NYSEARCA:RVNU) was the recipient of a large decrease in short interest in the month of February. As of February 13th, there was short interest totaling 13,115 shares, a decrease of 57.3% from the January 29th total of 30,740 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average trading volume of 27,088 shares, the days-to-cover ratio is presently 0.5 days. Based on an average trading volume of 27,088 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.2% of the company’s stock are sold short.

Xtrackers Municipal Infrastructure Revenue Bond ETF Trading Up 0.1%

NYSEARCA RVNU traded up $0.03 during trading hours on Friday, reaching $25.13. 3,556 shares of the company traded hands, compared to its average volume of 17,510. The company has a 50 day moving average of $24.73 and a two-hundred day moving average of $24.60. Xtrackers Municipal Infrastructure Revenue Bond ETF has a 12 month low of $22.51 and a 12 month high of $25.52.

Xtrackers Municipal Infrastructure Revenue Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, February 9th. Investors of record on Monday, February 2nd were issued a $0.0767 dividend. This is a positive change from Xtrackers Municipal Infrastructure Revenue Bond ETF’s previous monthly dividend of $0.07. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 3.7%.

Institutional Trading of Xtrackers Municipal Infrastructure Revenue Bond ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp lifted its holdings in shares of Xtrackers Municipal Infrastructure Revenue Bond ETF by 1.2% during the second quarter. Bank of New York Mellon Corp now owns 506,805 shares of the company’s stock valued at $12,158,000 after purchasing an additional 6,041 shares during the last quarter. Goodman Advisory Group LLC raised its holdings 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 acquiring an additional 153,032 shares during the period. Ameriprise Financial Inc. boosted its stake 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 worth $1,875,000 after purchasing an additional 23,047 shares during the period. Finally, NewEdge Advisors LLC grew its position in 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 worth $58,000 after purchasing an additional 1,186 shares in the last quarter.

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.