Xtrackers Municipal Infrastructure Revenue Bond ETF (NYSEARCA:RVNU) Short Interest Down 27.3% in March

Xtrackers Municipal Infrastructure Revenue Bond ETF (NYSEARCA:RVNU) was the recipient of a large 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. Based on an average daily volume of 12,231 shares, the short-interest ratio is presently 1.3 days. Approximately 0.3% of the company’s shares are sold short.

Institutional Trading of Xtrackers Municipal Infrastructure Revenue Bond ETF

Several hedge funds have recently modified their holdings of RVNU. NewEdge Advisors LLC bought a new stake in Xtrackers Municipal Infrastructure Revenue Bond ETF in the third quarter worth $29,000. Ameriprise Financial Inc. grew its stake in shares of 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 worth $1,270,000 after buying an additional 6,169 shares in the last quarter. Finally, Goodman Advisory Group LLC bought a new stake in shares of Xtrackers Municipal Infrastructure Revenue Bond ETF in the 2nd quarter worth about $2,206,000.

Xtrackers Municipal Infrastructure Revenue Bond ETF Stock Down 0.2%

Shares of RVNU opened at $24.42 on Friday. The firm’s 50-day moving average price is $24.75 and its 200-day moving average price is $24.74. Xtrackers Municipal Infrastructure Revenue Bond ETF has a 1-year low of $22.51 and a 1-year high of $25.15.

Xtrackers Municipal Infrastructure Revenue Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Monday, March 9th. Investors of record on Monday, March 2nd were paid a dividend of $0.0734 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 3.6%.

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.