Xtrackers Municipal Infrastructure Revenue Bond ETF (NYSEARCA:RVNU) Short Interest Down 50.2% in June

Xtrackers Municipal Infrastructure Revenue Bond ETF (NYSEARCA:RVNU) was the recipient of a significant decrease in short interest during the month of June. As of June 15th, there was short interest totaling 34,211 shares, a decrease of 50.2% from the May 31st total of 68,682 shares. Currently, 0.6% of the company’s shares are short sold. Based on an average daily volume of 31,124 shares, the short-interest ratio is currently 1.1 days.

Xtrackers Municipal Infrastructure Revenue Bond ETF Trading Up 0.2%

RVNU traded up $0.05 on Thursday, reaching $25.34. 6,661 shares of the company traded hands, compared to its average volume of 22,703. Xtrackers Municipal Infrastructure Revenue Bond ETF has a one year low of $23.42 and a one year high of $25.40. The firm has a fifty day simple moving average of $25.00 and a two-hundred day simple moving average of $24.82.

Institutional Trading of Xtrackers Municipal Infrastructure Revenue Bond ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Goodman Advisory Group LLC grew its stake in 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 worth $6,044,000 after purchasing an additional 153,032 shares in the last quarter. Confluence Investment Management LLC bought a new stake in Xtrackers Municipal Infrastructure Revenue Bond ETF during the 2nd quarter valued at $1,825,000. Ameriprise Financial Inc. lifted 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 worth $1,875,000 after buying an additional 23,047 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Xtrackers Municipal Infrastructure Revenue Bond ETF by 4.1% in the 1st quarter. Bank of New York Mellon Corp now owns 531,791 shares of the company’s stock worth $13,101,000 after buying an additional 21,119 shares during the period. Finally, Ascentis Independent Advisors grew its position 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 worth $583,000 after buying an additional 11,359 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.