Xtrackers Municipal Infrastructure Revenue Bond ETF (NYSEARCA:RVNU) Stock Short Interest Report for October

Xtrackers Municipal Infrastructure Revenue Bond ETF (NYSEARCA:RVNU) was the recipient of a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 33,284 shares, a growth of 140.6% from the September 30th total of 13,835 shares. Based on an average daily volume of 46,059 shares, the short-interest ratio is currently 0.7 days. Approximately 0.6% of the shares of the company are sold short.

Xtrackers Municipal Infrastructure Revenue Bond ETF Stock Performance

Shares of NYSEARCA RVNU opened at $23.76 on Friday. Xtrackers Municipal Infrastructure Revenue Bond ETF has a 12-month low of $22.92 and a 12-month high of $25.40. The firm has a 50 day moving average of $23.75 and a 200 day moving average of $24.59.

Institutional Investors Weigh In On Xtrackers Municipal Infrastructure Revenue Bond ETF

Hedge funds have recently modified their holdings of the business. Ascentis Independent Advisors lifted its position in 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 valued at $583,000 after purchasing an additional 11,359 shares in the last quarter. Confluence Investment Management LLC purchased a new position in Xtrackers Municipal Infrastructure Revenue Bond ETF during the second quarter valued at $1,825,000. Finally, Bank of New York Mellon Corp grew its holdings in 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 valued at $13,101,000 after purchasing an additional 21,119 shares during the period.

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.