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

Vanguard New York Tax-Exempt Bond ETF (BATS:MUNY) saw a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 14,281 shares, an increase of 129.6% from the June 15th total of 6,220 shares. Based on an average daily trading volume, of 40,910 shares, the days-to-cover ratio is presently 0.3 days. Approximately 3.2% of the company’s stock are short sold.

Hedge Funds Weigh In On Vanguard New York Tax-Exempt Bond ETF

Several hedge funds and other institutional investors have recently modified their holdings of MUNY. Hennion & Walsh Asset Management Inc. boosted its stake in Vanguard New York Tax-Exempt Bond ETF by 26.7% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 13,842 shares of the company’s stock worth $1,440,000 after purchasing an additional 2,919 shares in the last quarter. Canandaigua National Bank & Trust Co. purchased a new stake in Vanguard New York Tax-Exempt Bond ETF during the 2nd quarter worth approximately $284,000. WNY Asset Management LLC acquired a new position in Vanguard New York Tax-Exempt Bond ETF during the 1st quarter valued at approximately $8,134,000. Bank of America Corp DE increased its stake in Vanguard New York Tax-Exempt Bond ETF by 4,455.7% during the 1st quarter. Bank of America Corp DE now owns 13,667 shares of the company’s stock valued at $1,400,000 after purchasing an additional 13,367 shares in the last quarter. Finally, Graney & King LLC raised its holdings in shares of Vanguard New York Tax-Exempt Bond ETF by 233.3% in the first quarter. Graney & King LLC now owns 4,949 shares of the company’s stock worth $507,000 after buying an additional 3,464 shares during the last quarter.

Vanguard New York Tax-Exempt Bond ETF Price Performance

Shares of BATS MUNY opened at $103.34 on Wednesday. The business has a 50-day simple moving average of $103.28 and a two-hundred day simple moving average of $103.43. Vanguard New York Tax-Exempt Bond ETF has a fifty-two week low of $99.45 and a fifty-two week high of $105.51.

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.