Short Interest in iShares New York Muni Bond ETF (NYSEARCA:NYF) Increases By 527.1%

iShares New York Muni Bond ETF (NYSEARCA:NYF) saw a large growth in short interest in April. As of April 30th, there was short interest totaling 116,719 shares, a growth of 527.1% from the April 15th total of 18,612 shares. Approximately 0.5% of the company’s shares are short sold. Based on an average trading volume of 180,454 shares, the days-to-cover ratio is presently 0.6 days.

iShares New York Muni Bond ETF Stock Up 0.1%

NYSEARCA NYF traded up $0.06 on Thursday, hitting $53.46. 64,005 shares of the company were exchanged, compared to its average volume of 173,530. The stock has a fifty day moving average of $53.49 and a 200-day moving average 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 Trading of iShares New York Muni Bond ETF

Several large investors have recently made changes to their positions in the company. Sei Investments Co. raised its stake in iShares New York Muni Bond ETF by 2.1% during the 1st quarter. Sei Investments Co. now owns 15,902 shares of the company’s stock worth $845,000 after buying an additional 321 shares during the period. Cetera Investment Advisers boosted its holdings in iShares New York Muni Bond ETF by 8.1% in the first quarter. Cetera Investment Advisers now owns 166,549 shares of the company’s stock worth $8,847,000 after acquiring an additional 12,462 shares in the last quarter. Alesco Advisors LLC An ESL Co grew its stake in iShares New York Muni Bond ETF by 5.9% in the first quarter. Alesco Advisors LLC An ESL Co now owns 461,036 shares of the company’s stock valued at $24,490,000 after acquiring an additional 25,582 shares during the period. DUTCH ASSET Corp increased its holdings in shares of iShares New York Muni Bond ETF by 46.9% during the first quarter. DUTCH ASSET Corp now owns 8,950 shares of the company’s stock valued at $475,000 after acquiring an additional 2,857 shares in the last quarter. Finally, Durante & Waters LLC increased its holdings in shares of iShares New York Muni Bond ETF by 1.5% during the first quarter. Durante & Waters LLC now owns 57,294 shares of the company’s stock valued at $3,043,000 after acquiring an additional 834 shares in 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).