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 increase in short interest in the month of July. As of July 15th, there was short interest totaling 76,788 shares, an increase of 77.2% from the June 30th total of 43,334 shares. Based on an average daily trading volume, of 123,570 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.3% of the company’s shares are sold short.

Institutional Trading of iShares New York Muni Bond ETF

Several large investors have recently added to or reduced their stakes in NYF. TIAA Trust National Association lifted its stake in shares of iShares New York Muni Bond ETF by 5.4% during the fourth quarter. TIAA Trust National Association now owns 1,097,570 shares of the company’s stock worth $58,731,000 after purchasing an additional 56,695 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of iShares New York Muni Bond ETF by 12.9% during the 1st quarter. Bank of America Corp DE now owns 763,210 shares of the company’s stock valued at $40,542,000 after buying an additional 87,081 shares during the period. HighTower Advisors LLC raised its holdings in shares of iShares New York Muni Bond ETF by 28.7% during the 4th quarter. HighTower Advisors LLC now owns 551,679 shares of the company’s stock valued at $29,520,000 after buying an additional 123,158 shares during the period. Facet Wealth Inc. lifted its position in iShares New York Muni Bond ETF by 13.5% during the 4th quarter. Facet Wealth Inc. now owns 507,764 shares of the company’s stock worth $27,343,000 after acquiring an additional 60,420 shares in the last quarter. Finally, Alesco Advisors LLC An ESL Co lifted its position in iShares New York Muni Bond ETF by 5.9% during the 1st quarter. Alesco Advisors LLC An ESL Co now owns 461,036 shares of the company’s stock worth $24,490,000 after acquiring an additional 25,582 shares in the last quarter.

iShares New York Muni Bond ETF Price Performance

Shares of iShares New York Muni Bond ETF stock traded down $0.06 during trading hours on Thursday, hitting $52.91. The company’s stock had a trading volume of 124,768 shares, compared to its average volume of 162,612. The business has a fifty day moving average of $53.54 and a 200 day moving average of $53.63. iShares New York Muni Bond ETF has a 1-year low of $51.90 and a 1-year 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).