NYLI MacKay California Municipal Intermediate ETF (NYSEARCA:MMCA) Short Interest Down 33.2% in December

NYLI MacKay California Municipal Intermediate ETF (NYSEARCA:MMCA) was the target of a large decline in short interest in the month of December. As of December 15th, there was short interest totaling 32,111 shares, a decline of 33.2% from the November 30th total of 48,073 shares. Based on an average daily volume of 18,844 shares, the days-to-cover ratio is presently 1.7 days. Approximately 1.1% of the company’s stock are sold short. Approximately 1.1% of the company’s stock are sold short. Based on an average daily volume of 18,844 shares, the days-to-cover ratio is presently 1.7 days.

Institutional Investors Weigh In On NYLI MacKay California Municipal Intermediate ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in MMCA. Ameritas Investment Partners Inc. acquired a new position in NYLI MacKay California Municipal Intermediate ETF in the 3rd quarter worth $141,000. Wealth Alliance LLC bought a new stake in shares of NYLI MacKay California Municipal Intermediate ETF in the third quarter valued at about $232,000. Wedmont Private Capital acquired a new position in shares of NYLI MacKay California Municipal Intermediate ETF during the third quarter worth about $249,000. Citadel Advisors LLC acquired a new position in shares of NYLI MacKay California Municipal Intermediate ETF during the third quarter worth about $402,000. Finally, Brio Consultants LLC bought a new position in shares of NYLI MacKay California Municipal Intermediate ETF during the second quarter worth about $551,000.

NYLI MacKay California Municipal Intermediate ETF Price Performance

NYSEARCA MMCA traded up $0.02 during trading hours on Monday, reaching $21.86. 15,987 shares of the company’s stock were exchanged, compared to its average volume of 11,654. The company’s 50-day moving average is $21.84 and its two-hundred day moving average is $21.58. NYLI MacKay California Municipal Intermediate ETF has a one year low of $20.60 and a one year high of $23.00.

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.