BlackRock New York Municipal Income Trust II Short Interest Ratio and Short Volume

Short interest is the volume of BlackRock New York Municipal Income Trust II shares that have been sold short but have not yet been covered or closed out. As of March 15th, investors have sold 16,700 shares of BFY short.

The short interest ratio, also known as the "days to cover ratio", is calculated by dividing the number of shares of a stock sold short divided by its average trading volume. A short interest ratio ranging between 1 and 4 generally indicates strong positive sentiment about a stock and a lack of short sellers. A short interest ratio of 10 or greater indicates strong pessimism about a stock. BlackRock New York Municipal Income Trust II currently has a short interest ratio of 1.0.

BlackRock New York Municipal Income Trust II saw a increase in short interest during the month of March. As of March 15th, there was short interest totaling 16,700 shares, an increase of 62.1% from the previous total of 10,300 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

0.00% of BlackRock New York Municipal Income Trust II's shares are currently sold short. Here is how the short interest of companies in the industry of "asset management" compare to BlackRock New York Municipal Income Trust II: 3i Group plc (0.00%), 3i Group plc (0.00%), Aberdeen Australia Equity Fund, Inc. (0.00%), Aberdeen Global Premier Properties Fund (0.00%), Advent Convertible and Income Fund (0.00%), AllianzGI Diversified Income & Convertible Fund (0.00%), AllianzGI Equity & Convertible Income Fund (0.00%), Amundi SA (0.00%), Apollo Senior Floating Rate Fund Inc. (0.00%), and Azimut Holding S.p.A. (0.00%).

As of the most recent reporting period, the following stocks had the largest short interest positions: ViacomCBS Inc. ($9.74 billion), Aon plc ($5.63 billion), Charter Communications, Inc. ($5.41 billion), Analog Devices, Inc. ($5.32 billion), Baidu, Inc. ($4.45 billion), Snap Inc. ($3.86 billion), Discovery, Inc. ($3.30 billion), Airbnb, Inc. ($2.82 billion), GameStop Corp. ($2.70 billion), and Bilibili Inc. ($2.34 billion). View all of the most shorted stocks.

Short selling BFY is an investing strategy that aims to generate trading profit from BlackRock New York Municipal Income Trust II as its price is falling. BlackRock New York Municipal Income Trust II's stock is trading down $0.14 today. To short BlackRock New York Municipal Income Trust II stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that BlackRock New York Municipal Income Trust II will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

A short squeeze for BlackRock New York Municipal Income Trust II occurs when it has a large amount of short interest and its stock appreciates in price. This forces short sellers to cover their short interest positions by buying actual shares of BFY, which in turn drives the price of the stock up even further.

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including BFY, twice per month. The most recent reporting period available is March, 15 2021.