Vanguard New York Tax-Exempt Bond ETF (BATS:MUNY) Sees Large Increase in Short Interest

Vanguard New York Tax-Exempt Bond ETF (BATS:MUNY) was the recipient of a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 47,443 shares, an increase of 162.8% from the July 15th total of 18,051 shares. Currently, 10.5% of the company’s stock are short sold. Based on an average daily volume of 54,029 shares, the short-interest ratio is presently 0.9 days.

Institutional Trading of Vanguard New York Tax-Exempt Bond ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Parallel Advisors LLC acquired a new stake in Vanguard New York Tax-Exempt Bond ETF during the 4th quarter worth $29,000. Fiduciary Advisors Inc. purchased a new position in Vanguard New York Tax-Exempt Bond ETF in the 4th quarter valued at approximately $42,000. Graney & King LLC purchased a new position in shares of Vanguard New York Tax-Exempt Bond ETF in the fourth quarter valued at $153,000. Private Advisor Group LLC acquired a new position in Vanguard New York Tax-Exempt Bond ETF during the third quarter worth about $206,000. Finally, Main Street Financial Solutions LLC acquired a new position in shares of Vanguard New York Tax-Exempt Bond ETF during the 4th quarter worth approximately $266,000.

Vanguard New York Tax-Exempt Bond ETF Price Performance

MUNY opened at $102.47 on Friday. The business has a fifty day moving average price of $103.00 and a 200 day moving average price of $103.23. Vanguard New York Tax-Exempt Bond ETF has a 12 month low of $100.12 and a 12 month high of $105.51.

About Vanguard New York Tax-Exempt Bond ETF

Vanguard New York Tax-Free Funds – Vanguard New York Tax-Exempt Bond ETF is an exchange traded fund launched and managed by The Vanguard Group, Inc The fund invests in fixed income markets of the United States. It invests in U.S. dollar denominated tax exempt investment-grade municipal bonds issued by state or local governments or agencies that are rated BBB- or above by S&P or Fitch or Baa3 or above by Moody’s with a maturity that is greater than or equal to one calendar month. The fund seeks to track the performance of the S&P New York AMT-Free Municipal USD10 Million Par Bond Index, by using representative sampling methodology.