Xtrackers Municipal Infrastructure Revenue Bond ETF (NYSEARCA:RVNU) Sees Large Decline in Short Interest

Xtrackers Municipal Infrastructure Revenue Bond ETF (NYSEARCA:RVNU) was the target of a large decrease in short interest in February. As of February 13th, there was short interest totaling 13,115 shares, a decrease of 57.3% from the January 29th total of 30,740 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily volume of 27,088 shares, the short-interest ratio is currently 0.5 days. Based on an average daily volume of 27,088 shares, the short-interest ratio is currently 0.5 days. Approximately 0.2% of the shares of the stock are short sold.

Xtrackers Municipal Infrastructure Revenue Bond ETF Price Performance

NYSEARCA:RVNU traded down $0.06 during mid-day trading on Friday, hitting $25.04. 7,961 shares of the stock traded hands, compared to its average volume of 17,625. The business’s 50-day moving average price is $24.74 and its 200 day moving average price is $24.61. Xtrackers Municipal Infrastructure Revenue Bond ETF has a 12-month low of $22.51 and a 12-month high of $25.52.

Xtrackers Municipal Infrastructure Revenue Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Monday, February 9th. Stockholders of record on Monday, February 2nd were given a dividend of $0.0767 per share. This is an increase from Xtrackers Municipal Infrastructure Revenue Bond ETF’s previous monthly dividend of $0.07. The ex-dividend date was Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 3.7%.

Institutional Investors Weigh In On Xtrackers Municipal Infrastructure Revenue Bond ETF

A number of institutional investors and hedge funds have recently made changes to their positions in RVNU. NewEdge Advisors LLC purchased a new position in Xtrackers Municipal Infrastructure Revenue Bond ETF during the third quarter worth about $29,000. Ameriprise Financial Inc. boosted its position in shares of Xtrackers Municipal Infrastructure Revenue Bond ETF by 13.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 52,941 shares of the company’s stock valued at $1,270,000 after acquiring an additional 6,169 shares during the last quarter. Goodman Advisory Group LLC bought a new stake in shares of Xtrackers Municipal Infrastructure Revenue Bond ETF during the 2nd quarter valued at about $2,206,000. Finally, Bank of New York Mellon Corp grew its holdings in shares of Xtrackers Municipal Infrastructure Revenue Bond ETF by 1.2% during the second quarter. Bank of New York Mellon Corp now owns 506,805 shares of the company’s stock worth $12,158,000 after purchasing an additional 6,041 shares in the last quarter.

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.