Short Interest in iShares New York Muni Bond ETF (NYSEARCA:NYF) Rises By 527.1%

iShares New York Muni Bond ETF (NYSEARCA:NYF) was the recipient of a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 116,719 shares, a growth of 527.1% from the April 15th total of 18,612 shares. Currently, 0.5% of the company’s stock are short sold. Based on an average daily trading volume, of 180,454 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Investors Weigh In On iShares New York Muni Bond ETF

Hedge funds have recently made changes to their positions in the business. Root Financial Partners LLC acquired a new stake in shares of iShares New York Muni Bond ETF during the third quarter worth about $41,000. WealthShield Partners LLC acquired a new stake in shares of iShares New York Muni Bond ETF during the fourth quarter worth about $90,000. CIBC Private Wealth Group LLC acquired a new stake in shares of iShares New York Muni Bond ETF during the fourth quarter worth about $188,000. Quadrant Private Wealth Management LLC acquired a new stake in shares of iShares New York Muni Bond ETF during the fourth quarter worth about $201,000. Finally, LVW Advisors LLC acquired a new stake in shares of iShares New York Muni Bond ETF during the fourth quarter worth about $202,000.

iShares New York Muni Bond ETF Stock Performance

Shares of NYF stock traded up $0.04 during mid-day trading on Thursday, hitting $53.44. 99,161 shares of the stock were exchanged, compared to its average volume of 173,907. The stock’s fifty day simple moving average is $53.49 and its two-hundred day simple moving average is $53.66. iShares New York Muni Bond ETF has a 12-month low of $51.58 and a 12-month 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).