NYLIM MacKay California Municipal Intermediate ETF (NYSEARCA:MMCA – Get Free Report) was the recipient of a significant decrease in short interest in September. As of September 30th, there was short interest totaling 25,575 shares, a decrease of 60.8% from the September 15th total of 65,256 shares. Currently, 0.7% of the shares of the company are short sold. Based on an average daily volume of 80,803 shares, the days-to-cover ratio is currently 0.3 days.
Hedge Funds Weigh In On NYLIM MacKay California Municipal Intermediate ETF
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Rockefeller Capital Management L.P. bought a new stake in shares of NYLIM MacKay California Municipal Intermediate ETF in the fourth quarter worth approximately $274,000. Sprinkle Financial Consultants LLC purchased a new position in shares of NYLIM MacKay California Municipal Intermediate ETF during the second quarter valued at approximately $309,000. Avantax Planning Partners Inc. raised its holdings in shares of NYLIM MacKay California Municipal Intermediate ETF by 82.2% during the first quarter. Avantax Planning Partners Inc. now owns 27,345 shares of the company’s stock valued at $590,000 after purchasing an additional 12,339 shares during the last quarter. Finally, Cetera Investment Advisers lifted its position in NYLIM MacKay California Municipal Intermediate ETF by 453.1% during the first quarter. Cetera Investment Advisers now owns 125,878 shares of the company’s stock valued at $2,714,000 after purchasing an additional 103,118 shares during the period.
NYLIM MacKay California Municipal Intermediate ETF Trading Up 0.1%
Shares of NYLIM MacKay California Municipal Intermediate ETF stock traded up $0.03 during trading on Tuesday, hitting $20.66. 62,500 shares of the company’s stock traded hands, compared to its average volume of 34,414. NYLIM MacKay California Municipal Intermediate ETF has a 1 year low of $20.37 and a 1 year high of $22.26. The business has a 50-day simple moving average of $21.09 and a 200-day simple moving average of $21.47.
NYLIM MacKay California Municipal Intermediate ETF Company Profile
The IQ MacKay California Municipal Intermediate ETF (MMCA) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that invests primarily in investment-grade, intermediate-term municipal bonds that are exempt from federal and California income taxes. MMCA was launched on Dec 21, 2021 and is managed by IndexIQ.
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