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

by · The Markets Daily

Vanguard New York Tax-Exempt Bond ETF (BATS:MUNY – Get Free Report) saw a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 77,034 shares, a growth of 988.4% from the August 31st total of 7,078 shares. Currently, 17.1% of the shares of the company are sold short. Based on an average trading volume of 103,669 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Investors Weigh In On Vanguard New York Tax-Exempt Bond ETF

A number of hedge funds have recently made changes to their positions in MUNY. Bridgewater Advisors Inc. raised its stake in shares of Vanguard New York Tax-Exempt Bond ETF by 43.5% during the 1st quarter. Bridgewater Advisors Inc. now owns 265,762 shares of the company’s stock worth $27,360,000 after purchasing an additional 80,586 shares during the period. Francis Financial Inc. grew its position in Vanguard New York Tax-Exempt Bond ETF by 2.2% during the fourth quarter. Francis Financial Inc. now owns 131,987 shares of the company’s stock valued at $13,625,000 after buying an additional 2,821 shares during the period. WNY Asset Management LLC purchased a new stake in Vanguard New York Tax-Exempt Bond ETF during the first quarter worth about $8,134,000. Hennion & Walsh Asset Management Inc. increased its holdings in Vanguard New York Tax-Exempt Bond ETF by 26.7% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 13,842 shares of the company’s stock worth $1,440,000 after buying an additional 2,919 shares during the last quarter. Finally, Bank of America Corp DE raised its position in Vanguard New York Tax-Exempt Bond ETF by 4,455.7% in the first quarter. Bank of America Corp DE now owns 13,667 shares of the company’s stock worth $1,400,000 after acquiring an additional 13,367 shares during the period.

Vanguard New York Tax-Exempt Bond ETF Stock Performance

Vanguard New York Tax-Exempt Bond ETF stock traded down $0.55 during mid-day trading on Thursday, reaching $97.77. 149,171 shares of the company’s stock were exchanged, compared to its average volume of 60,270. The business’s fifty day simple moving average is $101.18 and its 200 day simple moving average is $102.46. Vanguard New York Tax-Exempt Bond ETF has a one year low of $97.73 and a one year high of $105.51.

Vanguard New York Tax-Exempt Bond ETF Company Profile

(Get Free Report)

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.

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