Short Interest in iShares New York Muni Bond ETF (NYSEARCA:NYF) Declines By 79.0%

iShares New York Muni Bond ETF (NYSEARCA:NYF) was the recipient of a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 29,704 shares, a drop of 79.0% from the August 15th total of 141,696 shares. Based on an average trading volume of 180,191 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the company’s shares are short sold.

iShares New York Muni Bond ETF Trading Up 0.3%

NYF traded up $0.16 on Friday, hitting $51.58. The company had a trading volume of 2,097,785 shares, compared to its average volume of 184,391. The business’s fifty day simple moving average is $52.88 and its 200 day simple moving average is $53.34. iShares New York Muni Bond ETF has a 12-month low of $51.36 and a 12-month high of $54.52.

Hedge Funds Weigh In On iShares New York Muni Bond ETF

A number of large investors have recently bought and sold shares of NYF. Bank of America Corp DE lifted its holdings in shares of iShares New York Muni Bond ETF by 12.9% in the 1st quarter. Bank of America Corp DE now owns 763,210 shares of the company’s stock worth $40,542,000 after buying an additional 87,081 shares during the period. Cora Capital Advisors LLC purchased a new position in shares of iShares New York Muni Bond ETF in the 1st quarter worth approximately $1,259,000. HighTower Advisors LLC grew its holdings in iShares New York Muni Bond ETF by 28.7% in the fourth quarter. HighTower Advisors LLC now owns 551,679 shares of the company’s stock worth $29,520,000 after purchasing an additional 123,158 shares during the last quarter. James J. Burns & Company LLC increased its position in shares of iShares New York Muni Bond ETF by 36.4% during the first quarter. James J. Burns & Company LLC now owns 72,276 shares of the company’s stock worth $3,839,000 after purchasing an additional 19,280 shares in the last quarter. Finally, TIAA Trust National Association increased its position in shares of iShares New York Muni Bond ETF by 5.4% during the fourth quarter. TIAA Trust National Association now owns 1,097,570 shares of the company’s stock worth $58,731,000 after purchasing an additional 56,695 shares in the last quarter.

About iShares New York Muni Bond ETF

iShares New York AMT-Free Muni Bond ETF, formerly iShares S&P New York AMT-Free Municipal Bond Fund (the Fund), is an exchange traded fund. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the S&P AMT-Free Municipal Series 2016 IndexTM (the Index). The Underlying Index measures the performance of investment-grade, noncallable United States municipal bonds maturing in 2016. The Index includes municipal bonds primarily from issuers that are state or local governments or agencies such that the interest on the bonds is exempt from United States federal income taxes and the federal alternative minimum tax (AMT).