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

by · The Markets Daily

iShares New York Muni Bond ETF (NYSEARCA:NYF – Get Free Report) saw a significant decline in short interest in August. As of August 31st, there was short interest totaling 29,704 shares, a decline of 79.0% from the August 15th total of 141,696 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 180,191 shares, the short-interest ratio is presently 0.2 days.

Hedge Funds Weigh In On iShares New York Muni Bond ETF

A number of large investors have recently bought and sold shares of NYF. Revolve Wealth Partners LLC raised its holdings in shares of iShares New York Muni Bond ETF by 5.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 22,891 shares of the company’s stock valued at $1,218,000 after purchasing an additional 1,109 shares during the last quarter. Royal Bank of Canada lifted its position in shares of iShares New York Muni Bond ETF by 40.0% in the first quarter. Royal Bank of Canada now owns 9,715 shares of the company’s stock worth $512,000 after purchasing an additional 2,775 shares in the last quarter. Raymond James Financial Inc. boosted its holdings in iShares New York Muni Bond ETF by 29.8% during the second quarter. Raymond James Financial Inc. now owns 5,171 shares of the company’s stock worth $270,000 after purchasing an additional 1,186 shares during the last quarter. Jane Street Group LLC boosted its holdings in iShares New York Muni Bond ETF by 296.8% during the second quarter. Jane Street Group LLC now owns 347,152 shares of the company’s stock worth $18,101,000 after purchasing an additional 259,657 shares during the last quarter. Finally, Bank of America Corp DE grew its position in iShares New York Muni Bond ETF by 14.4% in the second quarter. Bank of America Corp DE now owns 645,341 shares of the company’s stock valued at $33,648,000 after purchasing an additional 81,191 shares in the last quarter.

iShares New York Muni Bond ETF Stock Up 0.3%

Shares of NYF stock traded up $0.16 on Friday, hitting $51.58. 2,097,785 shares of the stock were exchanged, compared to its average volume of 184,391. iShares New York Muni Bond ETF has a fifty-two week low of $51.36 and a fifty-two week high of $54.52. The business has a 50-day moving average of $52.88 and a 200 day moving average of $53.33.

iShares New York Muni Bond ETF Company Profile

(Get Free Report)

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).

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