Short Interest in iShares New York Muni Bond ETF (NYSEARCA:NYF) Drops By 36.7%

iShares New York Muni Bond ETF (NYSEARCA:NYF) was the target of a large drop in short interest in June. As of June 30th, there was short interest totaling 43,334 shares, a drop of 36.7% from the June 15th total of 68,415 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 139,060 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Investors Weigh In On iShares New York Muni Bond ETF

Hedge funds have recently bought and sold shares of the business. TIAA Trust National Association lifted its position in iShares New York Muni Bond ETF by 5.4% during the fourth quarter. TIAA Trust National Association now owns 1,097,570 shares of the company’s stock valued at $58,731,000 after purchasing an additional 56,695 shares during the last quarter. Bank of America Corp DE increased its position in iShares New York Muni Bond ETF by 12.9% during the first quarter. Bank of America Corp DE now owns 763,210 shares of the company’s stock valued at $40,542,000 after acquiring an additional 87,081 shares during the last quarter. HighTower Advisors LLC raised its position in iShares New York Muni Bond ETF by 28.7% in the 4th quarter. HighTower Advisors LLC now owns 551,679 shares of the company’s stock worth $29,520,000 after purchasing an additional 123,158 shares during the period. Facet Wealth Inc. lifted its stake in iShares New York Muni Bond ETF by 13.5% in the fourth quarter. Facet Wealth Inc. now owns 507,764 shares of the company’s stock worth $27,343,000 after purchasing an additional 60,420 shares during the last quarter. Finally, Alesco Advisors LLC An ESL Co boosted its position in shares of iShares New York Muni Bond ETF by 5.9% during the first quarter. Alesco Advisors LLC An ESL Co now owns 461,036 shares of the company’s stock valued at $24,490,000 after buying an additional 25,582 shares during the period.

iShares New York Muni Bond ETF Stock Down 0.0%

Shares of NYF traded down $0.02 during mid-day trading on Friday, hitting $53.43. 62,158 shares of the stock were exchanged, compared to its average volume of 162,973. iShares New York Muni Bond ETF has a 52-week low of $51.58 and a 52-week high of $54.52. The firm has a 50-day moving average of $53.58 and a two-hundred day moving average of $53.66.

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).