NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT) Short Interest Down 71.0% in July

NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT) was the recipient of a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 17,003 shares, a drop of 71.0% from the June 30th total of 58,669 shares. Based on an average daily volume of 230,521 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are sold short.

Hedge Funds Weigh In On NYLI MacKay Shields Municipal Intermediate ETF

Hedge funds have recently bought and sold shares of the business. Vicus Capital lifted its holdings in NYLI MacKay Shields Municipal Intermediate ETF by 7.7% in the fourth quarter. Vicus Capital now owns 379,218 shares of the company’s stock valued at $9,226,000 after acquiring an additional 27,018 shares during the period. Smallwood Wealth Investment Management LLC increased its position in shares of NYLI MacKay Shields Municipal Intermediate ETF by 22.3% during the 4th quarter. Smallwood Wealth Investment Management LLC now owns 162,444 shares of the company’s stock valued at $3,952,000 after purchasing an additional 29,619 shares during the last quarter. Farther Finance Advisors LLC bought a new position in shares of NYLI MacKay Shields Municipal Intermediate ETF in the 4th quarter worth approximately $1,448,000. Rockefeller Capital Management L.P. boosted its holdings in shares of NYLI MacKay Shields Municipal Intermediate ETF by 105.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 172,365 shares of the company’s stock worth $4,194,000 after buying an additional 88,295 shares during the last quarter. Finally, Kennebec Savings Bank grew its position in NYLI MacKay Shields Municipal Intermediate ETF by 486.7% during the fourth quarter. Kennebec Savings Bank now owns 44,053 shares of the company’s stock valued at $1,072,000 after buying an additional 36,545 shares during the period.

NYLI MacKay Shields Municipal Intermediate ETF Stock Up 0.1%

NYLI MacKay Shields Municipal Intermediate ETF stock opened at $23.96 on Friday. The stock’s 50 day simple moving average is $24.27 and its two-hundred day simple moving average is $24.37. NYLI MacKay Shields Municipal Intermediate ETF has a fifty-two week low of $23.70 and a fifty-two week high of $24.77.

About NYLI MacKay Shields Municipal Intermediate ETF

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. MMIT was launched on Oct 18, 2017 and is managed by IndexIQ.