iShares New York Muni Bond ETF (NYSEARCA:NYF) Sees Large Growth in Short Interest

iShares New York Muni Bond ETF (NYSEARCA:NYF) was the recipient of a significant growth in short interest in October. As of October 15th, there was short interest totaling 363,391 shares, a growth of 108.6% from the September 30th total of 174,189 shares. Approximately 1.1% of the shares of the company are sold short. Based on an average daily volume of 938,803 shares, the short-interest ratio is currently 0.4 days.

iShares New York Muni Bond ETF Stock Performance

Shares of NYF traded up $0.16 on Friday, reaching $52.15. The stock had a trading volume of 324,348 shares, compared to its average volume of 270,752. iShares New York Muni Bond ETF has a twelve month low of $50.03 and a twelve month high of $54.52. The firm has a 50-day moving average of $51.46 and a 200 day moving average of $53.03.

Institutional Trading of iShares New York Muni Bond ETF

Several institutional investors have recently added to or reduced their stakes in the stock. Root Financial Partners LLC lifted its holdings 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 worth $59,000 after acquiring an additional 345 shares during the last quarter. Hughes Financial Services LLC bought a new position in shares of iShares New York Muni Bond ETF in the third quarter worth about $78,000. North Star Investment Management Corp. acquired a new position in iShares New York Muni Bond ETF during the third quarter valued at approximately $158,000. Breakwater Capital Group bought a new position in iShares New York Muni Bond ETF in the third quarter valued at $208,000. Finally, Chesley Taft & Associates LLC lifted its stake 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 worth $243,000 after buying an additional 400 shares during the last quarter.

iShares New York Muni Bond ETF Company Profile

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).