Xtrackers Municipal Infrastructure Revenue Bond ETF (NYSEARCA:RVNU) Sees Large Increase in Short Interest

Xtrackers Municipal Infrastructure Revenue Bond ETF (NYSEARCA:RVNU) was the target of a large growth in short interest in May. As of May 29th, there was short interest totaling 68,682 shares, a growth of 180.7% from the May 14th total of 24,465 shares. Currently, 1.3% of the company’s stock are sold short. Based on an average daily volume of 40,899 shares, the days-to-cover ratio is currently 1.7 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Bank of New York Mellon Corp raised its holdings in shares of Xtrackers Municipal Infrastructure Revenue Bond ETF by 4.1% during the 1st quarter. Bank of New York Mellon Corp now owns 531,791 shares of the company’s stock valued at $13,101,000 after purchasing an additional 21,119 shares in the last quarter. Ascentis Independent Advisors raised its holdings in shares of Xtrackers Municipal Infrastructure Revenue Bond ETF by 92.2% during the 1st quarter. Ascentis Independent Advisors now owns 23,676 shares of the company’s stock valued at $583,000 after purchasing an additional 11,359 shares in the last quarter. Goodman Advisory Group LLC raised its holdings in shares of Xtrackers Municipal Infrastructure Revenue Bond ETF by 11.8% during the 1st quarter. Goodman Advisory Group LLC now owns 273,644 shares of the company’s stock valued at $6,741,000 after purchasing an additional 28,787 shares in the last quarter. NewEdge Advisors LLC raised its holdings 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 purchasing an additional 1,186 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in shares of Xtrackers Municipal Infrastructure Revenue Bond ETF by 43.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 75,988 shares of the company’s stock valued at $1,875,000 after purchasing an additional 23,047 shares in the last quarter.

Xtrackers Municipal Infrastructure Revenue Bond ETF Stock Down 0.2%

Shares of Xtrackers Municipal Infrastructure Revenue Bond ETF stock traded down $0.05 during midday trading on Friday, reaching $25.09. 6,091 shares of the company’s stock traded hands, compared to its average volume of 23,416. The company’s 50 day simple moving average is $24.88 and its 200 day simple moving average is $24.78. Xtrackers Municipal Infrastructure Revenue Bond ETF has a 52 week low of $23.42 and a 52 week high of $25.16.

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.