iShares New York Muni Bond ETF (NYSEARCA:NYF – Get Free Report) saw a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 1,141,315 shares, a growth of 3,742.3% from the August 31st total of 29,704 shares. Based on an average daily volume of 532,213 shares, the short-interest ratio is currently 2.1 days. Currently, 4.0% of the shares of the stock are short sold.
iShares New York Muni Bond ETF Stock Down 0.3%
NYSEARCA NYF opened at $50.88 on Friday. iShares New York Muni Bond ETF has a 52 week low of $50.76 and a 52 week high of $54.52. The company has a fifty day moving average of $52.47 and a two-hundred day moving average of $53.15.
Institutional Investors Weigh In On iShares New York Muni Bond ETF
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Brighton Securities CORP. lifted its stake in shares of iShares New York Muni Bond ETF by 0.8% in the 2nd quarter. Brighton Securities CORP. now owns 23,741 shares of the company’s stock worth $1,280,000 after acquiring an additional 188 shares during the period. Bank of New York Mellon Corp raised its holdings in iShares New York Muni Bond ETF by 2.1% during the first quarter. Bank of New York Mellon Corp now owns 11,948 shares of the company’s stock worth $635,000 after purchasing an additional 243 shares in the last quarter. Apella Capital LLC raised its holdings in iShares New York Muni Bond ETF by 2.7% during the first quarter. Apella Capital LLC now owns 10,632 shares of the company’s stock worth $571,000 after purchasing an additional 280 shares in the last quarter. Sei Investments Co. lifted its position in iShares New York Muni Bond ETF by 2.1% in the first quarter. Sei Investments Co. now owns 15,902 shares of the company’s stock valued at $845,000 after purchasing an additional 321 shares during the period. Finally, Dopkins Wealth Management LLC boosted its holdings in iShares New York Muni Bond ETF by 2.4% in the 1st quarter. Dopkins Wealth Management LLC now owns 14,044 shares of the company’s stock valued at $746,000 after purchasing an additional 333 shares in the last quarter.
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).
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