iShares New York Muni Bond ETF (NYSEARCA:NYF) Short Interest Up 77.2% in July

iShares New York Muni Bond ETF (NYSEARCA:NYF) was the target of a large increase in short interest in July. As of July 15th, there was short interest totaling 76,788 shares, an increase of 77.2% from the June 30th total of 43,334 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily volume of 123,570 shares, the days-to-cover ratio is presently 0.6 days.

iShares New York Muni Bond ETF Stock Down 0.0%

iShares New York Muni Bond ETF stock traded down $0.02 during trading hours on Friday, hitting $52.89. The stock had a trading volume of 159,926 shares, compared to its average volume of 162,622. The stock’s 50-day moving average price is $53.54 and its 200-day moving average price is $53.62. iShares New York Muni Bond ETF has a 12-month low of $51.90 and a 12-month high of $54.52.

Hedge Funds Weigh In On iShares New York Muni Bond ETF

Hedge funds have recently added to or reduced their stakes in the company. Hsbc Holdings PLC boosted its stake in iShares New York Muni Bond ETF by 1,070.2% during the 4th quarter. Hsbc Holdings PLC now owns 323,084 shares of the company’s stock valued at $17,288,000 after purchasing an additional 295,475 shares during the last quarter. Legacy Edge Advisors LLC purchased a new position in shares of iShares New York Muni Bond ETF in the fourth quarter worth $15,730,000. Jane Street Group LLC lifted its holdings in shares of 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 valued at $18,101,000 after purchasing an additional 259,657 shares in the last quarter. HighTower Advisors LLC lifted its holdings in shares of iShares New York Muni Bond ETF by 28.7% during the fourth quarter. HighTower Advisors LLC now owns 551,679 shares of the company’s stock valued at $29,520,000 after purchasing an additional 123,158 shares in the last quarter. Finally, Bank of America Corp DE boosted its position in shares of iShares New York Muni Bond ETF by 12.9% during the first quarter. Bank of America Corp DE now owns 763,210 shares of the company’s stock valued at $40,542,000 after buying an additional 87,081 shares during the last quarter.

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).