Xtrackers Municipal Infrastructure Revenue Bond ETF (NYSEARCA:RVNU – Get Free Report) saw a significant drop in short interest during the month of October. As of October 30th, there was short interest totaling 2,009 shares, a drop of 94.0% from the October 15th total of 33,284 shares. Based on an average daily trading volume, of 37,975 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are sold short.
Hedge Funds Weigh In On Xtrackers Municipal Infrastructure Revenue Bond ETF
Several large investors have recently modified their holdings of the stock. Bank of New York Mellon Corp boosted its stake in shares of Xtrackers Municipal Infrastructure Revenue Bond ETF by 4.1% during the 1st quarter. Bank of New York Mellon Corp now owns 531,791 shares of the company’s stock worth $13,101,000 after purchasing an additional 21,119 shares during the period. Confluence Investment Management LLC bought a new position in Xtrackers Municipal Infrastructure Revenue Bond ETF in the 2nd quarter valued at $1,825,000. Finally, Centennial Bank AR purchased a new stake in Xtrackers Municipal Infrastructure Revenue Bond ETF in the 3rd quarter valued at about $130,000.
Xtrackers Municipal Infrastructure Revenue Bond ETF Price Performance
NYSEARCA RVNU traded down $0.00 on Wednesday, hitting $24.05. 21,897 shares of the company traded hands, compared to its average volume of 28,005. Xtrackers Municipal Infrastructure Revenue Bond ETF has a 52-week low of $22.92 and a 52-week high of $25.40. The business’s 50 day moving average price is $23.66 and its 200-day moving average price is $24.56.
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.
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