NYLI MacKay California Municipal Intermediate ETF (NYSEARCA:MMCA) Sees Large Growth in Short Interest

NYLI MacKay California Municipal Intermediate ETF (NYSEARCA:MMCA) saw a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 38,840 shares, a growth of 1,244.4% from the May 14th total of 2,889 shares. Based on an average trading volume of 38,697 shares, the days-to-cover ratio is currently 1.0 days. Approximately 1.0% of the company’s stock are sold short.

NYLI MacKay California Municipal Intermediate ETF Stock Performance

Shares of MMCA stock traded down $0.01 on Thursday, reaching $21.71. 6,021 shares of the stock were exchanged, compared to its average volume of 23,213. The business’s 50 day moving average price is $21.70 and its 200 day moving average price is $21.85. NYLI MacKay California Municipal Intermediate ETF has a twelve month low of $21.12 and a twelve month high of $23.00.

Hedge Funds Weigh In On NYLI MacKay California Municipal Intermediate ETF

A number of institutional investors and hedge funds have recently modified their holdings of MMCA. New York Life Insurance Co. acquired a new position in shares of NYLI MacKay California Municipal Intermediate ETF during the fourth quarter worth $25,132,000. Cetera Investment Advisers grew its stake in shares of NYLI 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 worth $2,714,000 after purchasing an additional 103,118 shares in the last quarter. FF Advisors LLC acquired a new position in shares of NYLI MacKay California Municipal Intermediate ETF during the fourth quarter worth $1,067,000. Octavia Wealth Advisors LLC grew its stake in shares of NYLI MacKay California Municipal Intermediate ETF by 49.6% during the fourth quarter. Octavia Wealth Advisors LLC now owns 123,871 shares of the company’s stock worth $2,711,000 after purchasing an additional 41,078 shares in the last quarter. Finally, Citadel Advisors LLC acquired a new position in shares of NYLI MacKay California Municipal Intermediate ETF during the third quarter worth $402,000.

NYLI 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.