Xtrackers Municipal Infrastructure Revenue Bond ETF (NYSEARCA:RVNU) Sees Significant Drop in Short Interest

Xtrackers Municipal Infrastructure Revenue Bond ETF (NYSEARCA:RVNU) was the target of a significant drop in short interest in the month of March. As of March 13th, there was short interest totaling 15,507 shares, a drop of 27.3% from the February 26th total of 21,330 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average trading volume of 12,231 shares, the days-to-cover ratio is presently 1.3 days.

Hedge Funds Weigh In On Xtrackers Municipal Infrastructure Revenue Bond ETF

Several institutional investors have recently bought and sold shares of RVNU. NewEdge Advisors LLC purchased a new stake in Xtrackers Municipal Infrastructure Revenue Bond ETF during the third quarter worth $29,000. Ameriprise Financial Inc. boosted its position in Xtrackers Municipal Infrastructure Revenue Bond ETF by 13.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 52,941 shares of the company’s stock valued at $1,270,000 after acquiring an additional 6,169 shares in the last quarter. Finally, Goodman Advisory Group LLC purchased a new position in shares of Xtrackers Municipal Infrastructure Revenue Bond ETF in the 2nd quarter valued at $2,206,000.

Xtrackers Municipal Infrastructure Revenue Bond ETF Price Performance

Shares of NYSEARCA:RVNU opened at $24.42 on Friday. The business’s 50 day moving average is $24.75 and its 200 day moving average is $24.74. Xtrackers Municipal Infrastructure Revenue Bond ETF has a 52-week low of $22.51 and a 52-week high of $25.15.

Xtrackers Municipal Infrastructure Revenue Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, March 9th. Shareholders of record on Monday, March 2nd were issued a dividend of $0.0734 per share. This represents a c) annualized dividend and a yield of 3.6%. 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.