Short Interest in NYLIM MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT) Drops By 47.5%

NYLIM MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT) was the target of a large drop in short interest in August. As of August 31st, there was short interest totaling 13,466 shares, a drop of 47.5% from the August 15th total of 25,629 shares. Based on an average daily volume of 238,341 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

Hedge Funds Weigh In On NYLIM MacKay Shields Municipal Intermediate ETF

Institutional investors have recently made changes to their positions in the stock. Stronghold Wealth Management L.L.C. boosted its stake in NYLIM MacKay Shields Municipal Intermediate ETF by 3.4% in the 1st quarter. Stronghold Wealth Management L.L.C. now owns 25,201 shares of the company’s stock worth $607,000 after buying an additional 832 shares during the last quarter. 46 Peaks LLC increased its stake in shares of NYLIM MacKay Shields Municipal Intermediate ETF by 0.6% during the 1st quarter. 46 Peaks LLC now owns 183,500 shares of the company’s stock valued at $4,423,000 after acquiring an additional 1,018 shares during the last quarter. Axxcess Wealth Management LLC increased its stake in shares of NYLIM MacKay Shields Municipal Intermediate ETF by 2.6% during the 4th quarter. Axxcess Wealth Management LLC now owns 43,206 shares of the company’s stock valued at $1,051,000 after acquiring an additional 1,103 shares during the last quarter. NewEdge Advisors LLC increased its stake in shares of NYLIM MacKay Shields Municipal Intermediate ETF by 24.2% during the 2nd quarter. NewEdge Advisors LLC now owns 11,699 shares of the company’s stock valued at $285,000 after acquiring an additional 2,281 shares during the last quarter. Finally, RFG Bristol Wealth Advisors LLC lifted its holdings in shares of NYLIM MacKay Shields Municipal Intermediate ETF by 12.2% during the 1st quarter. RFG Bristol Wealth Advisors LLC now owns 29,590 shares of the company’s stock worth $713,000 after acquiring an additional 3,208 shares during the period.

NYLIM MacKay Shields Municipal Intermediate ETF Trading Down 0.0%

Shares of NYLIM MacKay Shields Municipal Intermediate ETF stock traded down $0.01 during trading on Wednesday, hitting $23.40. 694,445 shares of the company were exchanged, compared to its average volume of 355,066. NYLIM MacKay Shields Municipal Intermediate ETF has a fifty-two week low of $23.37 and a fifty-two week high of $24.77. The firm has a 50 day moving average price of $23.94 and a 200 day moving average price of $24.18.

About NYLIM 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.