iShares New York Muni Bond ETF (NYSEARCA:NYF) Shares Shorted: Short Interest Up 3,742.3% in September

iShares New York Muni Bond ETF (NYSEARCA:NYF) was the target of a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 1,141,315 shares, a growth of 3,742.3% from the August 31st total of 29,704 shares. Based on an average trading volume of 532,213 shares, the days-to-cover ratio is presently 2.1 days. Approximately 4.0% of the company’s shares are sold short.

iShares New York Muni Bond ETF Trading Down 0.3%

NYF traded down $0.17 during mid-day trading on Thursday, hitting $50.88. The stock had a trading volume of 774,173 shares, compared to its average volume of 200,903. The stock’s fifty day simple moving average is $52.52 and its 200-day simple moving average is $53.17. iShares New York Muni Bond ETF has a 1-year low of $50.76 and a 1-year high of $54.52.

Institutional Trading of iShares New York Muni Bond ETF

Several hedge funds have recently added to or reduced their stakes in NYF. Root Financial Partners LLC grew its stake in iShares New York Muni Bond ETF by 45.1% in the first quarter. Root Financial Partners LLC now owns 1,110 shares of the company’s stock valued at $59,000 after acquiring an additional 345 shares during the period. North Star Investment Management Corp. lifted its holdings in shares of iShares New York Muni Bond ETF by 92.7% during the 1st quarter. North Star Investment Management Corp. now owns 3,950 shares of the company’s stock valued at $210,000 after purchasing an additional 1,900 shares in the last quarter. Chesley Taft & Associates LLC lifted its holdings in shares of iShares New York Muni Bond ETF by 9.8% during the 2nd quarter. Chesley Taft & Associates LLC now owns 4,500 shares of the company’s stock valued at $243,000 after purchasing an additional 400 shares in the last quarter. Modera Wealth Management LLC acquired a new position in shares of iShares New York Muni Bond ETF in the 1st quarter valued at approximately $242,000. Finally, XY Planning Network Inc. acquired a new position in shares of iShares New York Muni Bond ETF in the 2nd quarter valued at approximately $251,000.

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).