iShares New York Muni Bond ETF (NYSEARCA:NYF) Short Interest Down 79.0% in August

iShares New York Muni Bond ETF (NYSEARCA:NYF) saw a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 29,704 shares, a drop of 79.0% from the August 15th total of 141,696 shares. Based on an average daily volume of 180,191 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the shares of the company are sold short.

iShares New York Muni Bond ETF Price Performance

Shares of NYF opened at $51.52 on Friday. The company’s fifty day moving average is $52.92 and its two-hundred day moving average is $53.35. iShares New York Muni Bond ETF has a 1 year low of $51.36 and a 1 year high of $54.52.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Root Financial Partners LLC increased its position in iShares New York Muni Bond ETF by 45.1% during the 1st quarter. Root Financial Partners LLC now owns 1,110 shares of the company’s stock worth $59,000 after purchasing an additional 345 shares during the period. CIBC Private Wealth Group LLC purchased a new stake in shares of iShares New York Muni Bond ETF in the fourth quarter valued at approximately $188,000. Coldstream Capital Management Inc. acquired a new position in iShares New York Muni Bond ETF during the third quarter worth $202,000. North Star Investment Management Corp. raised its position in iShares New York Muni Bond ETF by 92.7% in the first quarter. North Star Investment Management Corp. now owns 3,950 shares of the company’s stock worth $210,000 after acquiring an additional 1,900 shares in the last quarter. Finally, Modera Wealth Management LLC purchased a new position in iShares New York Muni Bond ETF in the first quarter worth $242,000.

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).