NYLI MacKay California Municipal Intermediate ETF (NYSEARCA:MMCA – Get Free Report) was the recipient of a significant increase in short interest in April. As of April 15th, there was short interest totaling 25,004 shares, an increase of 69.8% from the March 31st total of 14,725 shares. Approximately 0.7% of the shares of the stock are short sold. Based on an average daily volume of 27,187 shares, the short-interest ratio is presently 0.9 days.
NYLI MacKay California Municipal Intermediate ETF Trading Up 0.2%
Shares of MMCA stock traded up $0.04 during trading hours on Monday, hitting $21.85. The stock had a trading volume of 7,584 shares, compared to its average volume of 20,422. NYLI MacKay California Municipal Intermediate ETF has a one year low of $21.01 and a one year high of $23.00. The stock’s 50-day moving average price is $21.87 and its two-hundred day moving average price is $21.88.
Institutional Investors Weigh In On NYLI MacKay California Municipal Intermediate ETF
Large investors have recently made changes to their positions in the company. Ameritas Investment Partners Inc. bought a new stake in shares of NYLI MacKay California Municipal Intermediate ETF in the third quarter worth about $141,000. Wealth Alliance LLC bought a new stake in shares of NYLI MacKay California Municipal Intermediate ETF in the third quarter worth about $232,000. Rockefeller Capital Management L.P. bought a new stake in shares of NYLI MacKay California Municipal Intermediate ETF in the fourth quarter worth about $274,000. Avantax Planning Partners Inc. bought a new stake in shares of NYLI MacKay California Municipal Intermediate ETF in the fourth quarter worth about $328,000. Finally, Citadel Advisors LLC bought a new stake in shares of NYLI MacKay California Municipal Intermediate ETF in the third quarter worth about $402,000.
About NYLI MacKay California Municipal Intermediate ETF
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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