iShares New York Muni Bond ETF (NYSEARCA:NYF – Get Free Report) saw a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 116,719 shares, an increase of 527.1% from the April 15th total of 18,612 shares. Based on an average daily trading volume, of 180,454 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.5% of the company’s shares are short sold.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Osaic Holdings Inc. increased its holdings in iShares New York Muni Bond ETF by 0.4% in the fourth quarter. Osaic Holdings Inc. now owns 51,035 shares of the company’s stock valued at $2,731,000 after purchasing an additional 188 shares during the last quarter. Manhattan West Asset Management LLC boosted its holdings in iShares New York Muni Bond ETF by 5.0% during the fourth quarter. Manhattan West Asset Management LLC now owns 5,071 shares of the company’s stock worth $271,000 after buying an additional 242 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of iShares New York Muni Bond ETF by 2.1% during the 1st quarter. Bank of New York Mellon Corp now owns 11,948 shares of the company’s stock worth $635,000 after buying an additional 243 shares during the period. Carnegie Investment Counsel grew its position in shares of iShares New York Muni Bond ETF by 0.5% during the 4th quarter. Carnegie Investment Counsel now owns 54,054 shares of the company’s stock worth $2,892,000 after buying an additional 260 shares during the period. Finally, Nemes Rush Group LLC increased its stake in shares of iShares New York Muni Bond ETF by 6.9% in the 3rd quarter. Nemes Rush Group LLC now owns 4,202 shares of the company’s stock valued at $224,000 after acquiring an additional 272 shares during the last quarter.
iShares New York Muni Bond ETF Trading Down 0.2%
NYSEARCA NYF traded down $0.11 during trading hours on Tuesday, hitting $53.46. The company’s stock had a trading volume of 100,903 shares, compared to its average volume of 175,129. The stock has a fifty day moving average of $53.53 and a 200 day moving average of $53.67. iShares New York Muni Bond ETF has a twelve month low of $51.58 and a twelve month high of $54.52.
About iShares New York Muni Bond ETF
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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