Xtrackers Municipal Infrastructure Revenue Bond ETF (NYSEARCA:RVNU – Get Free Report) was the target of a large decrease in short interest in the month of June. As of June 15th, there was short interest totaling 34,211 shares, a decrease of 50.2% from the May 31st total of 68,682 shares. Based on an average daily trading volume, of 31,124 shares, the short-interest ratio is currently 1.1 days. Approximately 0.6% of the company’s shares are short sold.
Xtrackers Municipal Infrastructure Revenue Bond ETF Stock Down 0.1%
Shares of NYSEARCA RVNU traded down $0.02 during midday trading on Wednesday, reaching $25.29. 6,380 shares of the stock were exchanged, compared to its average volume of 22,836. The company has a 50 day simple moving average of $24.99 and a 200 day simple moving average of $24.81. Xtrackers Municipal Infrastructure Revenue Bond ETF has a twelve month low of $23.42 and a twelve month high of $25.40.
Institutional Investors Weigh In On Xtrackers Municipal Infrastructure Revenue Bond ETF
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. NewEdge Advisors LLC acquired a new position in shares of Xtrackers Municipal Infrastructure Revenue Bond ETF in the 3rd quarter valued at $29,000. Ascentis Independent Advisors increased its position in shares of Xtrackers Municipal Infrastructure Revenue Bond ETF by 92.2% during the 1st quarter. Ascentis Independent Advisors now owns 23,676 shares of the company’s stock worth $583,000 after purchasing an additional 11,359 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in 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 valued at $1,270,000 after buying an additional 6,169 shares during the period. Goodman Advisory Group LLC raised its holdings 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 buying an additional 153,032 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in Xtrackers Municipal Infrastructure Revenue Bond ETF by 4.1% in the 1st quarter. Bank of New York Mellon Corp now owns 531,791 shares of the company’s stock valued at $13,101,000 after buying an additional 21,119 shares during the period.
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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