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

Xtrackers Municipal Infrastructure Revenue Bond ETF (NYSEARCA:RVNU) was the recipient of a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 13,835 shares, a growth of 479.8% from the September 15th total of 2,386 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily volume of 60,272 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Confluence Investment Management LLC acquired a new stake in Xtrackers Municipal Infrastructure Revenue Bond ETF in the 2nd quarter valued at $1,825,000. Bank of New York Mellon Corp boosted its stake in shares of Xtrackers Municipal Infrastructure Revenue Bond ETF by 4.1% in 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. Ascentis Independent Advisors raised its stake in Xtrackers Municipal Infrastructure Revenue Bond ETF by 92.2% in 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 during the last quarter. Finally, Goodman Advisory Group LLC boosted its stake in 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 worth $6,741,000 after purchasing an additional 28,787 shares during the last quarter.

Xtrackers Municipal Infrastructure Revenue Bond ETF Price Performance

Shares of RVNU traded up $0.28 during trading hours on Friday, reaching $23.32. 84,112 shares of the company traded hands, compared to its average volume of 27,552. The business has a fifty day moving average price of $24.08 and a 200-day moving average price of $24.64. Xtrackers Municipal Infrastructure Revenue Bond ETF has a 12-month low of $22.92 and a 12-month high of $25.40.

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.