iShares New York Muni Bond ETF (NYSEARCA:NYF) Short Interest Up 77.2% in July

iShares New York Muni Bond ETF (NYSEARCA:NYF) was the recipient of a significant increase in short interest during 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. Currently, 0.3% of the shares of the company are sold short. Based on an average daily trading volume, of 123,570 shares, the short-interest ratio is currently 0.6 days.

iShares New York Muni Bond ETF Stock Down 0.0%

Shares of NYSEARCA:NYF traded down $0.02 during midday trading on Friday, reaching $52.89. The company’s stock had a trading volume of 159,926 shares, compared to its average volume of 162,622. The stock has a fifty day moving average of $53.53 and a 200 day moving average of $53.62. iShares New York Muni Bond ETF has a twelve month low of $51.90 and a twelve month high of $54.52.

Hedge Funds Weigh In On iShares New York Muni Bond ETF

Large investors have recently bought and sold shares of the business. Legacy Edge Advisors LLC acquired a new stake in iShares New York Muni Bond ETF in the 4th quarter valued at $15,730,000. Equita Financial Network Inc. increased its stake in shares of iShares New York Muni Bond ETF by 42.3% in the 4th quarter. Equita Financial Network Inc. now owns 49,205 shares of the company’s stock worth $2,633,000 after acquiring an additional 14,629 shares during the last quarter. Cliftonlarsonallen Wealth Advisors LLC acquired a new stake in shares of iShares New York Muni Bond ETF during the 4th quarter worth approximately $552,000. HighTower Advisors LLC lifted its position in iShares New York Muni Bond ETF by 28.7% in the fourth 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 last quarter. Finally, Cora Capital Advisors LLC purchased a new stake in iShares New York Muni Bond ETF in the first quarter valued at approximately $1,259,000.

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).