iShares New York Muni Bond ETF (NYSEARCA:NYF) Sees Large Increase in Short Interest

iShares New York Muni Bond ETF (NYSEARCA:NYF) saw a significant growth in short interest in 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 trading volume of 532,213 shares, the short-interest ratio is presently 2.1 days. Currently, 4.0% of the company’s stock are sold short.

iShares New York Muni Bond ETF Trading Down 0.3%

NYF traded down $0.17 during trading on Thursday, hitting $50.88. The company had a trading volume of 774,173 shares, compared to its average volume of 200,903. iShares New York Muni Bond ETF has a one year low of $50.76 and a one year high of $54.52. The firm’s 50-day moving average price is $52.52 and its 200 day moving average price is $53.17.

Institutional Trading of iShares New York Muni Bond ETF

A number of institutional investors have recently modified their holdings of the company. Envestnet Asset Management Inc. lifted its stake in iShares New York Muni Bond ETF by 23.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 306,420 shares of the company’s stock valued at $16,518,000 after acquiring an additional 57,690 shares in the last quarter. XY Planning Network Inc. acquired a new position in iShares New York Muni Bond ETF during the 2nd quarter worth approximately $251,000. Allworth Financial LP grew its stake in shares of iShares New York Muni Bond ETF by 9.5% during the 2nd quarter. Allworth Financial LP now owns 23,930 shares of the company’s stock worth $1,290,000 after acquiring an additional 2,086 shares in the last quarter. Corient Private Wealth LP grew its stake in shares of iShares New York Muni Bond ETF by 153.8% during the 2nd quarter. Corient Private Wealth LP now owns 63,637 shares of the company’s stock worth $3,430,000 after acquiring an additional 38,560 shares in the last quarter. Finally, Wedmont Private Capital raised its holdings in shares of iShares New York Muni Bond ETF by 61.4% in the second quarter. Wedmont Private Capital now owns 94,537 shares of the company’s stock valued at $5,071,000 after purchasing an additional 35,975 shares during 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).