BlackRock New York Municipal Bond Trust (BQH) Short Interest Ratio & Short Volume

Short interest is the volume of BlackRock New York Municipal Bond Trust shares that have been sold short but have not yet been covered or closed out. As of September 30th, traders have sold 6,900 shares of BQH short. Learn More on BlackRock New York Municipal Bond Trust's current short interest.

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. BQH shares currently have a short interest ratio of 2.0. Learn More on BlackRock New York Municipal Bond Trust's short interest ratio.

BlackRock New York Municipal Bond Trust saw a decrease in short interest in the month of September. As of September 30th, there was short interest totaling 6,900 shares, a decrease of 12.7% from the previous total of 7,900 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.

Here is how the short interest of companies in the sector of "finance" compare to BlackRock New York Municipal Bond Trust: Bain Capital Specialty Finance, Inc. (0.19%), Burford Capital Limited (0.58%), Grupo Financiero Galicia S.A. (2.52%), Itaú Unibanco Holding S.A. (0.43%), Northeast Bank (1.10%), Pioneer Bancorp, Inc. (0.32%), Summit State Bank (0.18%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications, Inc. ($4.91 billion), Aon plc ($3.68 billion), The Clorox Company ($2.92 billion), Analog Devices, Inc. ($2.35 billion), Uber Technologies, Inc. ($2.27 billion), Moderna, Inc. ($2.14 billion), The Kroger Co. ($2.14 billion), Datadog, Inc. ($2.00 billion), Simon Property Group, Inc. ($1.85 billion), and International Flavors & Fragrances Inc. ($1.75 billion). View all of the most shorted stocks.

Short selling BQH is an investing strategy that aims to generate trading profit from BlackRock New York Municipal Bond Trust as its price is falling. To short a 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 a stock 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 Bond Trust occurs when it has a large amount of short interest and its stock increases in price. This forces short sellers to cover their short interest positions by buying actual shares of BQH, 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 BQH, twice per month. The most recent reporting period available is September, 30 2020.