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

iShares New York Muni Bond ETF (NYSEARCA:NYF) saw a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 141,696 shares, a growth of 157.4% from the July 30th total of 55,051 shares. Approximately 0.5% of the company’s shares are short sold. Based on an average daily volume of 225,334 shares, the short-interest ratio is presently 0.6 days.

iShares New York Muni Bond ETF Price Performance

iShares New York Muni Bond ETF stock opened at $52.72 on Friday. iShares New York Muni Bond ETF has a 1-year low of $51.93 and a 1-year high of $54.52. The company’s 50-day moving average is $53.27 and its 200 day moving average is $53.49.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Corient Private Wealth LP lifted 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 during the last quarter. Wedmont Private Capital grew its position in iShares New York Muni Bond ETF by 61.4% in the 2nd quarter. Wedmont Private Capital now owns 94,537 shares of the company’s stock valued at $5,071,000 after acquiring an additional 35,975 shares during the last quarter. Capital Square LLC bought a new position in iShares New York Muni Bond ETF in the 2nd quarter valued at $2,642,000. Sax Wealth Advisors LLC purchased a new stake in iShares New York Muni Bond ETF in the second quarter worth $854,000. Finally, Hennion & Walsh Asset Management Inc. increased its stake in iShares New York Muni Bond ETF by 14.4% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 109,332 shares of the company’s stock worth $5,894,000 after purchasing an additional 13,721 shares during the period.

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).