iShares New York Muni Bond ETF (NYSEARCA:NYF) Sees Large Decline in Short Interest

iShares New York Muni Bond ETF (NYSEARCA:NYF) was the target of a large decrease in short interest in the month of September. As of September 30th, there was short interest totaling 174,189 shares, a decrease of 84.7% from the September 15th total of 1,141,315 shares. Currently, 0.6% of the company’s shares are sold short. Based on an average daily volume of 648,706 shares, the days-to-cover ratio is presently 0.3 days.

iShares New York Muni Bond ETF Stock Up 0.4%

Shares of NYSEARCA:NYF traded up $0.21 during midday trading on Friday, reaching $50.56. 1,360,358 shares of the company’s stock were exchanged, compared to its average volume of 245,901. iShares New York Muni Bond ETF has a fifty-two week low of $50.03 and a fifty-two week high of $54.52. The firm’s 50 day simple moving average is $51.90 and its two-hundred day simple moving average is $52.91.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Wedmont Private Capital increased its position in shares of iShares New York Muni Bond ETF by 29.4% during the third quarter. Wedmont Private Capital now owns 122,299 shares of the company’s stock valued at $6,158,000 after acquiring an additional 27,762 shares during the last quarter. Breakwater Capital Group acquired a new position in shares of iShares New York Muni Bond ETF in the 3rd quarter worth approximately $208,000. LifeGoal Investments LLC lifted its holdings in shares of iShares New York Muni Bond ETF by 283.6% in the 3rd quarter. LifeGoal Investments LLC now owns 16,560 shares of the company’s stock worth $837,000 after acquiring an additional 12,243 shares during the last quarter. Emergent Wealth Advisors LLC lifted its holdings in shares of iShares New York Muni Bond ETF by 0.8% in the 3rd quarter. Emergent Wealth Advisors LLC now owns 38,355 shares of the company’s stock worth $1,938,000 after acquiring an additional 298 shares during the last quarter. Finally, Brighton Securities CORP. acquired a new position in shares of iShares New York Muni Bond ETF in the 3rd quarter worth approximately $1,214,000.

iShares New York Muni Bond ETF Company Profile

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).