Xtrackers Municipal Infrastructure Revenue Bond ETF (NYSEARCA:RVNU – Get Free Report) was the recipient of a large decrease in short interest in the month of August. As of August 31st, there was short interest totaling 878 shares, a decrease of 91.9% from the August 15th total of 10,800 shares. Based on an average daily volume of 17,260 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are sold short.
Xtrackers Municipal Infrastructure Revenue Bond ETF Stock Performance
NYSEARCA RVNU traded up $0.13 during trading on Friday, hitting $23.95. The company’s stock had a trading volume of 7,763 shares, compared to its average volume of 23,695. The firm has a 50 day moving average price of $24.74 and a 200 day moving average price of $24.84. Xtrackers Municipal Infrastructure Revenue Bond ETF has a 52 week low of $23.81 and a 52 week high of $25.40.
Hedge Funds Weigh In On Xtrackers Municipal Infrastructure Revenue Bond ETF
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of New York Mellon Corp boosted 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 purchasing an additional 21,119 shares during the period. Goodman Advisory Group LLC increased its holdings in shares of Xtrackers Municipal Infrastructure Revenue Bond ETF by 11.8% during the 1st quarter. Goodman Advisory Group LLC now owns 273,644 shares of the company’s stock worth $6,741,000 after purchasing an additional 28,787 shares during the period. Ameriprise Financial Inc. increased its holdings in shares of Xtrackers Municipal Infrastructure Revenue Bond ETF by 43.5% during the 3rd 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 during the period. Confluence Investment Management LLC acquired a new position in shares of Xtrackers Municipal Infrastructure Revenue Bond ETF during the second quarter valued at about $1,825,000. Finally, Ascentis Independent Advisors raised its position in shares of Xtrackers Municipal Infrastructure Revenue Bond ETF by 92.2% during the first quarter. Ascentis Independent Advisors now owns 23,676 shares of the company’s stock valued at $583,000 after buying an additional 11,359 shares during 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.
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