Vanguard New York Tax-Exempt Bond ETF (BATS:MUNY) Stock Short Interest Rises 376.8%

Vanguard New York Tax-Exempt Bond ETF (BATS:MUNY) saw a large increase in short interest in September. As of September 30th, there was short interest totaling 367,268 shares, an increase of 376.8% from the September 15th total of 77,034 shares. Based on an average daily trading volume, of 158,080 shares, the days-to-cover ratio is currently 2.3 days. Currently, 81.6% of the shares of the stock are sold short.

Institutional Trading of Vanguard New York Tax-Exempt Bond ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bouchey Financial Group Ltd. lifted its stake in Vanguard New York Tax-Exempt Bond ETF by 5.8% during the second quarter. Bouchey Financial Group Ltd. now owns 2,086 shares of the company’s stock worth $217,000 after purchasing an additional 114 shares during the period. Timbuktu Capital Management LLC acquired a new stake in Vanguard New York Tax-Exempt Bond ETF during the second quarter valued at approximately $104,000. Canandaigua National Bank & Trust Co. acquired a new stake in Vanguard New York Tax-Exempt Bond ETF during the second quarter valued at approximately $284,000. Hennion & Walsh Asset Management Inc. boosted its holdings 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 purchasing an additional 2,919 shares in the last quarter. Finally, Boston Standard Wealth Management LLC bought a new stake in shares of Vanguard New York Tax-Exempt Bond ETF in the 3rd quarter valued at approximately $303,000.

Vanguard New York Tax-Exempt Bond ETF Stock Performance

Shares of MUNY stock opened at $97.52 on Tuesday. The firm has a fifty day moving average of $99.88 and a 200-day moving average of $101.93. Vanguard New York Tax-Exempt Bond ETF has a 52-week low of $96.38 and a 52-week high of $105.51.

About Vanguard New York Tax-Exempt Bond ETF

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.