Vanguard New York Tax-Exempt Bond ETF (BATS:MUNY) Stock Short Interest Jumps 988.4%

Vanguard New York Tax-Exempt Bond ETF (BATS:MUNY) was the recipient of a significant growth in short interest in September. As of September 15th, there was short interest totaling 77,034 shares, a growth of 988.4% from the August 31st total of 7,078 shares. Based on an average trading volume of 103,669 shares, the days-to-cover ratio is presently 0.7 days. Approximately 17.1% of the shares of the company are sold short.

Hedge Funds Weigh In On Vanguard New York Tax-Exempt Bond ETF

Hedge funds have recently bought and sold shares of the company. Bridgewater Advisors Inc. boosted its stake in shares of Vanguard New York Tax-Exempt Bond ETF by 43.5% in the 1st quarter. Bridgewater Advisors Inc. now owns 265,762 shares of the company’s stock worth $27,360,000 after buying an additional 80,586 shares during the last quarter. Francis Financial Inc. grew its position in shares of Vanguard New York Tax-Exempt Bond ETF by 2.2% in the fourth quarter. Francis Financial Inc. now owns 131,987 shares of the company’s stock valued at $13,625,000 after purchasing an additional 2,821 shares in the last quarter. WNY Asset Management LLC purchased a new position in Vanguard New York Tax-Exempt Bond ETF during the 1st quarter valued at about $8,134,000. Hennion & Walsh Asset Management Inc. grew its stake in Vanguard New York Tax-Exempt Bond ETF by 26.7% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 13,842 shares of the company’s stock valued at $1,440,000 after acquiring an additional 2,919 shares in the last quarter. Finally, Bank of America Corp DE increased its holdings in shares of Vanguard New York Tax-Exempt Bond ETF by 4,455.7% in the first quarter. Bank of America Corp DE now owns 13,667 shares of the company’s stock worth $1,400,000 after purchasing an additional 13,367 shares during the period.

Vanguard New York Tax-Exempt Bond ETF Stock Performance

MUNY stock traded down $0.42 during trading hours on Friday, reaching $97.35. The stock had a trading volume of 111,876 shares, compared to its average volume of 60,550. The stock has a 50-day simple moving average of $100.97 and a 200 day simple moving average of $102.39. Vanguard New York Tax-Exempt Bond ETF has a fifty-two week low of $97.28 and a fifty-two week high of $105.51.

Vanguard New York Tax-Exempt Bond ETF Company Profile

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.