iShares New York Muni Bond ETF (NYSEARCA:NYF) Short Interest Update

iShares New York Muni Bond ETF (NYSEARCA:NYF) was the recipient of a significant growth in short interest in August. As of August 14th, there was short interest totaling 141,696 shares, a growth of 157.4% from the July 30th total of 55,051 shares. Based on an average daily volume of 225,334 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.5% of the company’s shares are sold short.

Institutional Investors Weigh In On iShares New York Muni Bond ETF

A number of institutional investors have recently added to or reduced their stakes in the business. Root Financial Partners LLC raised its stake in shares of iShares New York Muni Bond ETF by 45.1% during the first quarter. Root Financial Partners LLC now owns 1,110 shares of the company’s stock valued at $59,000 after acquiring an additional 345 shares during the last quarter. WealthShield Partners LLC bought a new position in iShares New York Muni Bond ETF during the 4th quarter worth $90,000. CIBC Private Wealth Group LLC bought a new position in iShares New York Muni Bond ETF during the 4th quarter worth $188,000. Coldstream Capital Management Inc. acquired a new position in iShares New York Muni Bond ETF during the 3rd quarter worth about $202,000. Finally, North Star Investment Management Corp. lifted its holdings in iShares New York Muni Bond ETF by 92.7% during the 1st quarter. North Star Investment Management Corp. now owns 3,950 shares of the company’s stock worth $210,000 after buying an additional 1,900 shares during the period.

iShares New York Muni Bond ETF Stock Performance

Shares of NYSEARCA:NYF traded down $0.10 during midday trading on Friday, hitting $52.62. 140,349 shares of the stock were exchanged, compared to its average volume of 167,106. The business’s 50-day moving average price is $53.25 and its 200 day moving average price is $53.48. iShares New York Muni Bond ETF has a 12 month low of $51.93 and a 12 month high of $54.52.

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).