iShares New York Muni Bond ETF (NYSEARCA:NYF) Short Interest Down 79.0% in August

iShares New York Muni Bond ETF (NYSEARCA:NYF) was the recipient of a large drop in short interest in August. As of August 31st, there was short interest totaling 29,704 shares, a drop of 79.0% from the August 15th total of 141,696 shares. Based on an average trading volume of 180,191 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are short sold.

iShares New York Muni Bond ETF Stock Performance

NYSEARCA NYF opened at $51.52 on Friday. The company has a fifty day moving average of $52.92 and a two-hundred day moving average of $53.35. iShares New York Muni Bond ETF has a 1 year low of $51.36 and a 1 year high of $54.52.

Institutional Trading of iShares New York Muni Bond ETF

A number of large investors have recently made changes to their positions in the company. XY Planning Network Inc. purchased a new position in shares of iShares New York Muni Bond ETF during the second quarter worth approximately $251,000. Allworth Financial LP raised its position in iShares New York Muni Bond ETF by 9.5% in the 2nd quarter. Allworth Financial LP now owns 23,930 shares of the company’s stock valued at $1,290,000 after purchasing an additional 2,086 shares during the last quarter. Corient Private Wealth LP boosted its stake in iShares New York Muni Bond ETF by 153.8% during the 2nd quarter. Corient Private Wealth LP now owns 63,637 shares of the company’s stock worth $3,430,000 after purchasing an additional 38,560 shares during the period. Wedmont Private Capital boosted its stake in iShares New York Muni Bond ETF by 61.4% during the 2nd quarter. Wedmont Private Capital now owns 94,537 shares of the company’s stock worth $5,071,000 after purchasing an additional 35,975 shares during the period. Finally, Sax Wealth Advisors LLC purchased a new position in iShares New York Muni Bond ETF during the 2nd quarter worth $854,000.

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).