Short Interest in Xtrackers Municipal Infrastructure Revenue Bond ETF (NYSEARCA:RVNU) Drops By 67.7%

Xtrackers Municipal Infrastructure Revenue Bond ETF (NYSEARCA:RVNU) was the target of a large decrease in short interest in August. As of August 14th, there was short interest totaling 10,800 shares, a decrease of 67.7% from the July 30th total of 33,421 shares. Based on an average daily trading volume, of 11,900 shares, the short-interest ratio is presently 0.9 days. Approximately 0.2% of the shares of the stock are sold short.

Xtrackers Municipal Infrastructure Revenue Bond ETF Price Performance

NYSEARCA:RVNU traded down $0.05 on Friday, reaching $24.56. 14,045 shares of the company’s stock traded hands, compared to its average volume of 21,988. The stock has a 50-day simple moving average of $24.94 and a 200-day simple moving average of $24.88. Xtrackers Municipal Infrastructure Revenue Bond ETF has a 12 month low of $23.58 and a 12 month high of $25.40.

Institutional Trading of Xtrackers Municipal Infrastructure Revenue Bond ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in RVNU. Confluence Investment Management LLC bought a new position in Xtrackers Municipal Infrastructure Revenue Bond ETF in the 2nd quarter worth approximately $1,825,000. Goodman Advisory Group LLC raised its position in shares of Xtrackers Municipal Infrastructure Revenue Bond ETF by 11.8% during the first quarter. Goodman Advisory Group LLC now owns 273,644 shares of the company’s stock valued at $6,741,000 after buying an additional 28,787 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Xtrackers Municipal Infrastructure Revenue Bond ETF by 43.5% in the third quarter. Ameriprise Financial Inc. now owns 75,988 shares of the company’s stock worth $1,875,000 after buying an additional 23,047 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Xtrackers Municipal Infrastructure Revenue Bond ETF by 4.1% during the first quarter. Bank of New York Mellon Corp now owns 531,791 shares of the company’s stock worth $13,101,000 after acquiring an additional 21,119 shares during the last quarter. Finally, Ascentis Independent Advisors boosted its position in shares of Xtrackers Municipal Infrastructure Revenue Bond ETF by 92.2% during the first quarter. Ascentis Independent Advisors now owns 23,676 shares of the company’s stock worth $583,000 after acquiring an additional 11,359 shares during the last quarter.

About Xtrackers Municipal Infrastructure Revenue Bond ETF

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.