Vanguard New York Tax-Exempt Bond ETF (BATS:MUNY) Short Interest Down 46.8% in May

Vanguard New York Tax-Exempt Bond ETF (BATS:MUNY) was the recipient of a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 14,202 shares, a decline of 46.8% from the May 14th total of 26,681 shares. Based on an average trading volume of 58,556 shares, the short-interest ratio is presently 0.2 days. Approximately 3.2% of the company’s shares are short sold.

Vanguard New York Tax-Exempt Bond ETF Price Performance

MUNY stock opened at $103.32 on Monday. The stock has a 50-day moving average price of $103.09 and a two-hundred day moving average price of $103.37. Vanguard New York Tax-Exempt Bond ETF has a 12-month low of $99.45 and a 12-month high of $105.51.

Institutional Investors Weigh In On Vanguard New York Tax-Exempt Bond ETF

A number of institutional investors have recently added to or reduced their stakes in the company. Bridgewater Advisors Inc. grew its position in Vanguard New York Tax-Exempt Bond ETF by 43.5% during the first quarter. Bridgewater Advisors Inc. now owns 265,762 shares of the company’s stock valued at $27,360,000 after acquiring an additional 80,586 shares during the period. Francis Financial Inc. grew its position in Vanguard New York Tax-Exempt Bond ETF by 2.2% during the fourth quarter. Francis Financial Inc. now owns 131,987 shares of the company’s stock valued at $13,625,000 after acquiring an additional 2,821 shares during the period. WNY Asset Management LLC purchased a new stake in shares of Vanguard New York Tax-Exempt Bond ETF in the first quarter worth about $8,134,000. Ieq Capital LLC purchased a new stake in shares of Vanguard New York Tax-Exempt Bond ETF in the fourth quarter worth about $6,842,000. Finally, Jane Street Group LLC purchased a new stake in shares of Vanguard New York Tax-Exempt Bond ETF in the second quarter worth about $5,056,000.

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.