Rockefeller New York Municipal Bond ETF (NYSEARCA:RMNY) Sees Significant Drop in Short Interest

Rockefeller New York Municipal Bond ETF (NYSEARCA:RMNY) was the target of a large decline in short interest during the month of May. As of May 15th, there was short interest totaling 6,527 shares, a decline of 37.9% from the April 30th total of 10,518 shares. Approximately 0.7% of the shares of the stock are short sold. Based on an average daily volume of 8,615 shares, the short-interest ratio is presently 0.8 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Rockefeller New York Municipal Bond ETF stock. JPMorgan Chase & Co. bought a new position in shares of Rockefeller New York Municipal Bond ETF (NYSEARCA:RMNY) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 10,145 shares of the company’s stock, valued at approximately $244,000. JPMorgan Chase & Co. owned about 1.45% of Rockefeller New York Municipal Bond ETF at the end of the most recent reporting period.

Rockefeller New York Municipal Bond ETF Stock Performance

Shares of Rockefeller New York Municipal Bond ETF stock opened at $24.68 on Friday. The stock’s 50 day simple moving average is $24.51 and its 200-day simple moving average is $24.53. Rockefeller New York Municipal Bond ETF has a 1-year low of $23.52 and a 1-year high of $24.99.

About Rockefeller New York Municipal Bond ETF

The Rockefeller New York Municipal Bond ETF (RMNY) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund broadly invests in bonds that are exempt from regular federal income tax and New York income tax. Municipal bonds could be of any maturity or credit quality. RMNY was launched on Aug 12, 2024 and is issued by Rockefeller Capital Management.