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

Vanguard New York Tax-Exempt Bond ETF (BATS:MUNY) was the recipient of a significant decline in short interest in the month of June. As of June 15th, there was short interest totaling 6,220 shares, a decline of 56.2% from the May 31st total of 14,202 shares. Currently, 1.4% of the company’s shares are short sold. Based on an average daily volume of 55,690 shares, the short-interest ratio is currently 0.1 days.

Hedge Funds Weigh In On Vanguard New York Tax-Exempt Bond ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Bridgewater Advisors Inc. increased its holdings in Vanguard New York Tax-Exempt Bond ETF by 43.5% during the first quarter. Bridgewater Advisors Inc. now owns 265,762 shares of the company’s stock valued at $27,360,000 after buying an additional 80,586 shares during the period. Francis Financial Inc. lifted its holdings 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 worth $13,625,000 after buying an additional 2,821 shares during the period. WNY Asset Management LLC bought a new stake in Vanguard New York Tax-Exempt Bond ETF during the 1st quarter valued at $8,134,000. Ieq Capital LLC bought a new stake in Vanguard New York Tax-Exempt Bond ETF during the 4th quarter valued at $6,842,000. Finally, Jane Street Group LLC purchased a new position in shares of Vanguard New York Tax-Exempt Bond ETF in the 2nd quarter valued at $5,056,000.

Vanguard New York Tax-Exempt Bond ETF Price Performance

Shares of BATS:MUNY opened at $103.82 on Monday. The business’s 50 day moving average is $103.23 and its 200 day moving average is $103.39. Vanguard New York Tax-Exempt Bond ETF has a 52-week low of $99.45 and a 52-week high of $105.51.

Vanguard New York Tax-Exempt Bond ETF Company Profile

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.