iShares New York Muni Bond ETF (NYSEARCA:NYF) Stock Short Interest Drops 84.7%

iShares New York Muni Bond ETF (NYSEARCA:NYF) was the target of a significant decrease in short interest during the month of September. As of September 30th, there was short interest totaling 174,189 shares, a decrease of 84.7% from the September 15th total of 1,141,315 shares. Approximately 0.6% of the company’s shares are short sold. Based on an average trading volume of 648,706 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of NYF. Wedmont Private Capital increased its stake in iShares New York Muni Bond ETF by 29.4% in the 3rd quarter. Wedmont Private Capital now owns 122,299 shares of the company’s stock worth $6,158,000 after acquiring an additional 27,762 shares during the last quarter. Breakwater Capital Group purchased a new position in iShares New York Muni Bond ETF in the 3rd quarter worth approximately $208,000. LifeGoal Investments LLC increased its holdings in shares of iShares New York Muni Bond ETF by 283.6% in the 3rd quarter. LifeGoal Investments LLC now owns 16,560 shares of the company’s stock worth $837,000 after buying an additional 12,243 shares during the last quarter. Emergent Wealth Advisors LLC lifted its holdings in shares of iShares New York Muni Bond ETF by 0.8% during the 3rd quarter. Emergent Wealth Advisors LLC now owns 38,355 shares of the company’s stock worth $1,938,000 after acquiring an additional 298 shares during the last quarter. Finally, Brighton Securities CORP. purchased a new position in iShares New York Muni Bond ETF in the third quarter worth $1,214,000.

iShares New York Muni Bond ETF Trading Up 0.1%

NYSEARCA NYF traded up $0.07 during trading hours on Monday, hitting $50.63. 904,066 shares of the company’s stock were exchanged, compared to its average volume of 249,292. The stock has a 50-day simple moving average of $51.90 and a 200 day simple moving average of $52.91. iShares New York Muni Bond ETF has a 1-year low of $50.03 and a 1-year high of $54.52.

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).