Xtrackers Municipal Infrastructure Revenue Bond ETF (NYSEARCA:RVNU) Short Interest Update

Xtrackers Municipal Infrastructure Revenue Bond ETF (NYSEARCA:RVNU) saw a significant growth in short interest in 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. Based on an average daily trading volume, of 16,030 shares, the days-to-cover ratio is currently 1.2 days. Approximately 0.4% of the shares of the company are sold short. Approximately 0.4% of the shares of the company are sold short. Based on an average daily trading volume, of 16,030 shares, the days-to-cover ratio is currently 1.2 days.

Xtrackers Municipal Infrastructure Revenue Bond ETF Trading Down 0.1%

Shares of RVNU stock traded down $0.03 during trading on Tuesday, hitting $24.73. The company had a trading volume of 4,894 shares, compared to its average volume of 16,022. Xtrackers Municipal Infrastructure Revenue Bond ETF has a one year low of $22.51 and a one year high of $25.52. The stock’s 50-day moving average price is $24.70 and its 200 day moving average price is $24.45.

Xtrackers Municipal Infrastructure Revenue Bond ETF Increases Dividend

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

Hedge Funds Weigh In On Xtrackers Municipal Infrastructure Revenue Bond ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Goodman Advisory Group LLC boosted its position in shares of Xtrackers Municipal Infrastructure Revenue Bond ETF by 166.4% during the 3rd quarter. Goodman Advisory Group LLC now owns 244,982 shares of the company’s stock worth $6,044,000 after acquiring an additional 153,032 shares in 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 purchasing an additional 23,047 shares in the last quarter. Bank of New York Mellon Corp increased its stake 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 purchasing an additional 6,041 shares during the last quarter. Finally, NewEdge Advisors LLC bought a new position in shares of Xtrackers Municipal Infrastructure Revenue Bond ETF in the 3rd quarter valued at $29,000.

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.