iShares New York Muni Bond ETF (NYSEARCA:NYF) Shares Shorted: Short Interest Down 84.7% in September

iShares New York Muni Bond ETF (NYSEARCA:NYF) was the target of a significant drop in short interest in the month of September. As of September 30th, there was short interest totaling 174,189 shares, a drop of 84.7% from the September 15th total of 1,141,315 shares. Based on an average trading volume of 648,706 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.6% of the shares of the company are sold short.

Institutional Investors Weigh In On iShares New York Muni Bond ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of America Corp DE grew its position in iShares New York Muni Bond ETF by 12.9% during the first quarter. Bank of America Corp DE now owns 763,210 shares of the company’s stock worth $40,542,000 after buying an additional 87,081 shares in the last quarter. Cora Capital Advisors LLC bought a new stake in shares of iShares New York Muni Bond ETF during the 1st quarter valued at $1,259,000. Hennion & Walsh Asset Management Inc. lifted its position in shares of iShares New York Muni Bond ETF by 14.4% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 109,332 shares of the company’s stock valued at $5,894,000 after acquiring an additional 13,721 shares during the period. Wedmont Private Capital grew its holdings in shares of iShares New York Muni Bond ETF by 61.4% during the 2nd quarter. Wedmont Private Capital now owns 94,537 shares of the company’s stock worth $5,071,000 after purchasing an additional 35,975 shares in the last quarter. Finally, James J. Burns & Company LLC increased its position in shares of iShares New York Muni Bond ETF by 36.4% in the first quarter. James J. Burns & Company LLC now owns 72,276 shares of the company’s stock worth $3,839,000 after purchasing an additional 19,280 shares during the period.

iShares New York Muni Bond ETF Price Performance

iShares New York Muni Bond ETF stock traded up $0.21 during midday trading on Friday, hitting $50.56. The company’s stock had a trading volume of 1,360,358 shares, compared to its average volume of 245,901. iShares New York Muni Bond ETF has a 1-year low of $50.03 and a 1-year high of $54.52. The company has a 50-day moving average price of $51.90 and a two-hundred day moving average price of $52.91.

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).