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 decrease in short interest in June. As of June 30th, there was short interest totaling 43,334 shares, a decrease of 36.7% from the June 15th total of 68,415 shares. Based on an average daily trading volume, of 139,060 shares, the short-interest ratio is presently 0.3 days. Approximately 0.2% of the shares of the stock are sold short.

iShares New York Muni Bond ETF Price Performance

Shares of iShares New York Muni Bond ETF stock traded down $0.02 during trading hours on Friday, hitting $53.43. The company’s stock had a trading volume of 62,158 shares, compared to its average volume of 162,973. The business has a 50 day moving average price of $53.58 and a two-hundred day moving average price of $53.66. iShares New York Muni Bond ETF has a 12-month low of $51.58 and a 12-month high of $54.52.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in NYF. Root Financial Partners LLC grew its holdings in iShares New York Muni Bond ETF by 45.1% during the 1st quarter. Root Financial Partners LLC now owns 1,110 shares of the company’s stock valued at $59,000 after buying an additional 345 shares in the last quarter. WealthShield Partners LLC bought a new position in shares of iShares New York Muni Bond ETF during the fourth quarter worth $90,000. CIBC Private Wealth Group LLC bought a new position in shares of iShares New York Muni Bond ETF during the fourth quarter worth $188,000. Quadrant Private Wealth Management LLC purchased a new position in iShares New York Muni Bond ETF during the fourth quarter valued at $201,000. Finally, LVW Advisors LLC bought a new stake in iShares New York Muni Bond ETF in the 4th quarter valued at $202,000.

About iShares New York Muni Bond ETF

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).