NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT) Short Interest Update

NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT) was the recipient of a large growth in short interest in July. As of July 31st, there was short interest totaling 109,000 shares, agrowthof8,284.6% from the July 15th total of 1,300 shares. Currently,0.2% of the company’s stock are sold short. Based on an average daily volume of 322,700 shares, the short-interest ratio is currently 0.3 days. Based on an average daily volume of 322,700 shares, the short-interest ratio is currently 0.3 days. Currently,0.2% of the company’s stock are sold short.

Hedge Funds Weigh In On NYLI MacKay Shields Municipal Intermediate ETF

Several institutional investors have recently modified their holdings of the business. Coppell Advisory Solutions LLC purchased a new stake in NYLI MacKay Shields Municipal Intermediate ETF during the fourth quarter worth about $62,000. Northwestern Mutual Wealth Management Co. bought a new position in NYLI MacKay Shields Municipal Intermediate ETF during the first quarter valued at $83,000. Assetmark Inc. grew its holdings in NYLI MacKay Shields Municipal Intermediate ETF by 81.7% during the second quarter. Assetmark Inc. now owns 4,185 shares of the company’s stock valued at $100,000 after purchasing an additional 1,882 shares during the period. NewEdge Advisors LLC grew its holdings in NYLI MacKay Shields Municipal Intermediate ETF by 6.1% during the fourth quarter. NewEdge Advisors LLC now owns 9,453 shares of the company’s stock valued at $227,000 after purchasing an additional 542 shares during the period. Finally, AE Wealth Management LLC bought a new position in NYLI MacKay Shields Municipal Intermediate ETF during the first quarter valued at $230,000.

NYLI MacKay Shields Municipal Intermediate ETF Price Performance

Shares of MMIT opened at $23.85 on Friday. The stock has a 50 day moving average price of $23.79 and a two-hundred day moving average price of $23.87. NYLI MacKay Shields Municipal Intermediate ETF has a 52 week low of $22.99 and a 52 week high of $24.65.

NYLI MacKay Shields Municipal Intermediate ETF Company Profile

The IQ MacKay Municipal Intermediate ETF (MMIT) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is actively managed to provide enhanced total-return potential by investing mainly in investment-grade, AMT-free US municipal bonds with duration between 3-10 years.