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

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

Institutional Trading of iShares New York Muni Bond ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Chicago Partners Investment Group LLC purchased a new position in iShares New York Muni Bond ETF during the 3rd quarter worth $1,039,000. Hughes Financial Services LLC acquired a new stake in iShares New York Muni Bond ETF in the 3rd quarter valued at about $78,000. Gerber Kawasaki Wealth & Investment Management acquired a new stake in shares of iShares New York Muni Bond ETF in the 3rd quarter worth $646,000. Vise Technologies Inc. purchased a new position in shares of iShares New York Muni Bond ETF during the 3rd quarter worth $305,000. Finally, Partners Wealth Management LLC purchased a new position in shares of iShares New York Muni Bond ETF in the third quarter valued at approximately $252,000.

iShares New York Muni Bond ETF Stock Performance

Shares of iShares New York Muni Bond ETF stock traded up $0.16 during midday trading on Friday, hitting $52.15. The company had a trading volume of 324,348 shares, compared to its average volume of 270,752. iShares New York Muni Bond ETF has a 52-week low of $50.03 and a 52-week high of $54.52. The company has a 50 day moving average of $51.46 and a 200 day moving average of $53.03.

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).