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

Xtrackers Municipal Infrastructure Revenue Bond ETF (NYSEARCA:RVNU) was the target of a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 19,821 shares, an increase of 28.7% from the December 31st total of 15,400 shares. Based on an average daily volume of 16,030 shares, the short-interest ratio is currently 1.2 days. Currently, 0.4% of the company’s shares are short sold. Currently, 0.4% of the company’s shares are short sold. Based on an average daily volume of 16,030 shares, the short-interest ratio is currently 1.2 days.

Xtrackers Municipal Infrastructure Revenue Bond ETF Stock Performance

NYSEARCA RVNU traded up $0.04 during trading on Monday, hitting $24.75. The stock had a trading volume of 10,707 shares, compared to its average volume of 16,553. The firm has a 50 day moving average price of $24.70 and a 200 day moving average price of $24.45. Xtrackers Municipal Infrastructure Revenue Bond ETF has a twelve month low of $22.51 and a twelve month high of $25.52.

Xtrackers Municipal Infrastructure Revenue Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, February 9th. Shareholders of record on Monday, February 2nd will be given a $0.0767 dividend. The ex-dividend date of this dividend is Monday, February 2nd. This represents a c) annualized dividend and a yield of 3.7%. This is a boost from Xtrackers Municipal Infrastructure Revenue Bond ETF’s previous monthly dividend of $0.07.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. NewEdge Advisors LLC acquired a new stake in shares of Xtrackers Municipal Infrastructure Revenue Bond ETF in the third quarter valued at about $29,000. Ameriprise Financial Inc. grew its holdings in shares of Xtrackers Municipal Infrastructure Revenue Bond ETF by 13.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 52,941 shares of the company’s stock worth $1,270,000 after acquiring an additional 6,169 shares during the period. Goodman Advisory Group LLC purchased a new position in Xtrackers Municipal Infrastructure Revenue Bond ETF in the 2nd quarter valued at approximately $2,206,000. Finally, Bank of New York Mellon Corp raised its holdings in 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 during 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.