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

Vanguard New York Tax-Exempt Bond ETF (BATS:MUNY – Get Free Report) was the target of a large growth in short interest in September. As of September 15th, there was short interest totaling 77,034 shares, a growth of 988.4% from the August 31st total of 7,078 shares. Based on an average daily trading volume, of 103,669 shares, the short-interest ratio is presently 0.7 days. Currently, 17.1% of the company’s stock are sold short.

Hedge Funds Weigh In On Vanguard New York Tax-Exempt Bond ETF

Institutional investors have recently modified their holdings of the company. Timbuktu Capital Management LLC bought a new position in shares of Vanguard New York Tax-Exempt Bond ETF in the 2nd quarter worth $104,000. Bouchey Financial Group Ltd. increased its stake in Vanguard New York Tax-Exempt Bond ETF by 5.8% during the 2nd quarter. Bouchey Financial Group Ltd. now owns 2,086 shares of the company’s stock valued at $217,000 after purchasing an additional 114 shares in the last quarter. Canandaigua National Bank & Trust Co. acquired a new position in Vanguard New York Tax-Exempt Bond ETF during the second quarter worth $284,000. Strategic Advisors LLC acquired a new position in Vanguard New York Tax-Exempt Bond ETF during the second quarter worth $334,000. Finally, Graney & King LLC lifted its stake in shares of Vanguard New York Tax-Exempt Bond ETF by 233.3% in the first quarter. Graney & King LLC now owns 4,949 shares of the company’s stock valued at $507,000 after buying an additional 3,464 shares in the last quarter.

Vanguard New York Tax-Exempt Bond ETF Stock Down 0.6%

MUNY stock traded down $0.55 during trading on Thursday, reaching $97.77. 149,171 shares of the stock were exchanged, compared to its average volume of 60,270. The firm’s 50 day moving average is $101.18 and its 200 day moving average is $102.46. Vanguard New York Tax-Exempt Bond ETF has a twelve month low of $97.73 and a twelve month high of $105.51.

About Vanguard New York Tax-Exempt Bond ETF

(Get Free Report)

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.

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