Vanguard New York Tax-Exempt Bond ETF (BATS:MUNY) Sees Significant Decline in Short Interest

Vanguard New York Tax-Exempt Bond ETF (BATS:MUNY) was the recipient of a significant decline in short interest during the month of May. As of May 15th, there was short interest totaling 26,681 shares, a decline of 55.0% from the April 30th total of 59,317 shares. Approximately 5.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 54,233 shares, the days-to-cover ratio is presently 0.5 days.

Vanguard New York Tax-Exempt Bond ETF Stock Performance

Vanguard New York Tax-Exempt Bond ETF stock opened at $103.38 on Monday. Vanguard New York Tax-Exempt Bond ETF has a 1 year low of $99.45 and a 1 year high of $105.51. The firm’s 50 day moving average price is $102.87 and its two-hundred day moving average price is $103.38.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Parallel Advisors LLC acquired a new position in Vanguard New York Tax-Exempt Bond ETF in the fourth quarter worth approximately $29,000. Fiduciary Advisors Inc. purchased a new position in Vanguard New York Tax-Exempt Bond ETF during the 4th quarter worth approximately $42,000. Graney & King LLC purchased a new position in Vanguard New York Tax-Exempt Bond ETF during the 4th quarter worth approximately $153,000. Bouchey Financial Group Ltd purchased a new position in Vanguard New York Tax-Exempt Bond ETF during the 4th quarter worth approximately $204,000. Finally, Private Advisor Group LLC purchased a new position in Vanguard New York Tax-Exempt Bond ETF during the 3rd quarter worth approximately $206,000.

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.