Short Interest in Xtrackers Municipal Infrastructure Revenue Bond ETF (NYSEARCA:RVNU) Drops By 57.3%

Xtrackers Municipal Infrastructure Revenue Bond ETF (NYSEARCA:RVNU) was the recipient of a large decrease in short interest in the month of 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 company’s stock are sold short. Based on an average trading volume of 27,088 shares, the days-to-cover ratio is presently 0.5 days. Based on an average trading volume of 27,088 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.2% of the company’s stock are sold short.

Xtrackers Municipal Infrastructure Revenue Bond ETF Trading Down 0.2%

Shares of RVNU traded down $0.06 during mid-day trading on Friday, reaching $25.04. 7,961 shares of the stock traded hands, compared to its average volume of 17,625. The stock has a fifty day simple moving average of $24.74 and a 200 day simple moving average of $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 disclosed a monthly dividend, which was paid on Monday, February 9th. Shareholders of record on Monday, February 2nd were paid a dividend of $0.0767 per share. This is a positive change from Xtrackers Municipal Infrastructure Revenue Bond ETF’s previous monthly dividend of $0.07. This represents a c) annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend was Monday, February 2nd.

Institutional Trading of Xtrackers Municipal Infrastructure Revenue Bond ETF

Several hedge funds have recently modified their holdings of RVNU. Bank of New York Mellon Corp boosted its holdings in shares of Xtrackers Municipal Infrastructure Revenue Bond ETF by 1.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 506,805 shares of the company’s stock worth $12,158,000 after acquiring an additional 6,041 shares in the last quarter. Goodman Advisory Group LLC raised its position in Xtrackers Municipal Infrastructure Revenue Bond ETF by 166.4% in the 3rd quarter. Goodman Advisory Group LLC now owns 244,982 shares of the company’s stock valued at $6,044,000 after purchasing an additional 153,032 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in Xtrackers Municipal Infrastructure Revenue Bond ETF by 43.5% in the third quarter. Ameriprise Financial Inc. now owns 75,988 shares of the company’s stock worth $1,875,000 after purchasing an additional 23,047 shares in the last quarter. Finally, NewEdge Advisors LLC grew its holdings in shares of Xtrackers Municipal Infrastructure Revenue Bond ETF by 101.5% during the fourth quarter. NewEdge Advisors LLC now owns 2,354 shares of the company’s stock worth $58,000 after purchasing an additional 1,186 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.