Vanguard New York Tax-Exempt Bond ETF (BATS:MUNY) Sees Large Growth in Short Interest

Vanguard New York Tax-Exempt Bond ETF (BATS:MUNY) was the target of a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 14,281 shares, an increase of 129.6% from the June 15th total of 6,220 shares. Currently, 3.2% of the company’s shares are sold short. Based on an average daily volume of 40,910 shares, the days-to-cover ratio is presently 0.3 days.

Vanguard New York Tax-Exempt Bond ETF Price Performance

Shares of BATS:MUNY opened at $103.15 on Thursday. Vanguard New York Tax-Exempt Bond ETF has a 12-month low of $99.45 and a 12-month high of $105.51. The business has a 50-day moving average price of $103.28 and a 200 day moving average price of $103.43.

Institutional Investors Weigh In On Vanguard New York Tax-Exempt Bond ETF

A number of institutional investors have recently made changes to their positions in the stock. Bridgewater Advisors Inc. lifted its holdings in shares of Vanguard New York Tax-Exempt Bond ETF by 43.5% in the 1st quarter. Bridgewater Advisors Inc. now owns 265,762 shares of the company’s stock worth $27,360,000 after acquiring an additional 80,586 shares during the last quarter. Francis Financial Inc. increased its holdings in Vanguard New York Tax-Exempt Bond ETF by 2.2% in the 4th quarter. Francis Financial Inc. now owns 131,987 shares of the company’s stock valued at $13,625,000 after purchasing an additional 2,821 shares during the last quarter. WNY Asset Management LLC acquired a new stake in Vanguard New York Tax-Exempt Bond ETF in the 1st quarter valued at approximately $8,134,000. Ieq Capital LLC purchased a new stake in Vanguard New York Tax-Exempt Bond ETF in the fourth quarter valued at approximately $6,842,000. Finally, Jane Street Group LLC purchased a new stake in Vanguard New York Tax-Exempt Bond ETF in the second quarter valued at approximately $5,056,000.

About Vanguard New York Tax-Exempt Bond ETF

Vanguard New York Tax-Free Funds – Vanguard New York Tax-Exempt Bond ETF is an exchange traded fund launched and managed by The Vanguard Group, Inc The fund invests in fixed income markets of the United States. It invests in U.S. dollar denominated tax exempt investment-grade municipal bonds issued by state or local governments or agencies that are rated BBB- or above by S&P or Fitch or Baa3 or above by Moody’s with a maturity that is greater than or equal to one calendar month. The fund seeks to track the performance of the S&P New York AMT-Free Municipal USD10 Million Par Bond Index, by using representative sampling methodology.