Xtrackers Municipal Infrastructure Revenue Bond ETF (NYSEARCA:RVNU) Short Interest Update

Xtrackers Municipal Infrastructure Revenue Bond ETF (NYSEARCA:RVNU) was the recipient of a significant increase in short interest in the month of March. As of March 31st, there was short interest totaling 43,246 shares, an increase of 178.9% from the March 15th total of 15,507 shares. Currently, 0.8% of the shares of the company are sold short. Based on an average daily volume of 12,989 shares, the days-to-cover ratio is presently 3.3 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. NewEdge Advisors LLC bought a new position in Xtrackers Municipal Infrastructure Revenue Bond ETF during the 3rd quarter valued at about $29,000. Ameriprise Financial Inc. raised its position 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 purchasing an additional 6,169 shares during the last quarter. Finally, Goodman Advisory Group LLC bought a new position in shares of Xtrackers Municipal Infrastructure Revenue Bond ETF in the second quarter valued at about $2,206,000.

Xtrackers Municipal Infrastructure Revenue Bond ETF Price Performance

Shares of NYSEARCA:RVNU traded up $0.07 during midday trading on Friday, reaching $24.85. 80,097 shares of the company’s stock were exchanged, compared to its average volume of 17,534. The company’s 50 day simple moving average is $24.74 and its two-hundred day simple moving average is $24.75. Xtrackers Municipal Infrastructure Revenue Bond ETF has a 12 month low of $23.03 and a 12 month high of $25.15.

Xtrackers Municipal Infrastructure Revenue Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, March 9th. Stockholders of record on Monday, March 2nd were paid a $0.0734 dividend. This represents a c) annualized dividend and a dividend yield of 3.5%. The ex-dividend date was Monday, March 2nd.

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.