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 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 trading volume, of 46,059 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.6% of the company’s stock are short sold.

Hedge Funds Weigh In On Xtrackers Municipal Infrastructure Revenue Bond ETF

A number of hedge funds have recently made changes to their positions in the stock. Confluence Investment Management LLC bought a new stake in shares of Xtrackers Municipal Infrastructure Revenue Bond ETF during the 2nd quarter valued at about $1,825,000. Bank of New York Mellon Corp increased its stake in 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 valued at $13,101,000 after purchasing an additional 21,119 shares in the last quarter. Finally, Ascentis Independent Advisors raised its holdings in shares of 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 during the period.

Xtrackers Municipal Infrastructure Revenue Bond ETF Stock Performance

RVNU traded up $0.09 during trading on Friday, hitting $23.84. The stock had a trading volume of 33,746 shares, compared to its average volume of 28,000. Xtrackers Municipal Infrastructure Revenue Bond ETF has a one year low of $22.92 and a one year high of $25.40. The company has a 50 day moving average price of $23.76 and a 200-day moving average price of $24.59.

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.