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

Xtrackers Municipal Infrastructure Revenue Bond ETF (NYSEARCA:RVNU) was the recipient of a large decline in short interest in the month of December. As of December 15th, there was short interest totaling 17,103 shares, a decline of 34.0% from the November 30th total of 25,929 shares. Based on an average trading volume of 14,080 shares, the short-interest ratio is presently 1.2 days. Currently, 0.3% of the shares of the company are short sold. Currently, 0.3% of the shares of the company are short sold. Based on an average trading volume of 14,080 shares, the short-interest ratio is presently 1.2 days.

Xtrackers Municipal Infrastructure Revenue Bond ETF Price Performance

Xtrackers Municipal Infrastructure Revenue Bond ETF stock traded up $0.02 during trading on Monday, reaching $24.57. The company had a trading volume of 30,433 shares, compared to its average volume of 32,006. Xtrackers Municipal Infrastructure Revenue Bond ETF has a 52 week low of $22.51 and a 52 week high of $25.52. The firm’s 50-day simple moving average is $24.79 and its 200 day simple moving average is $24.30.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in RVNU. NewEdge Advisors LLC bought a new position in shares of Xtrackers Municipal Infrastructure Revenue Bond ETF during the third quarter worth $29,000. OLD Mission Capital LLC lifted its stake in Xtrackers Municipal Infrastructure Revenue Bond ETF by 78.2% in the 1st quarter. OLD Mission Capital LLC now owns 21,302 shares of the company’s stock worth $525,000 after purchasing an additional 9,347 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings 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 purchasing an additional 6,169 shares during the last quarter. Goodman Advisory Group LLC bought a new position 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 raised its position in shares of Xtrackers Municipal Infrastructure Revenue Bond ETF by 1.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 506,805 shares of the company’s stock valued at $12,158,000 after buying an additional 6,041 shares in the last quarter.

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.