NYLIM MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT – Get Free Report) was the recipient of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 13,466 shares, a decrease of 47.5% from the August 15th total of 25,629 shares. Based on an average trading volume of 238,341 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the stock are sold short.
NYLIM MacKay Shields Municipal Intermediate ETF Price Performance
NYLIM MacKay Shields Municipal Intermediate ETF stock traded up $0.04 during midday trading on Thursday, reaching $23.44. The company’s stock had a trading volume of 291,514 shares, compared to its average volume of 354,585. NYLIM MacKay Shields Municipal Intermediate ETF has a fifty-two week low of $23.32 and a fifty-two week high of $24.77. The stock’s 50 day simple moving average is $23.94 and its 200 day simple moving average is $24.18.
Institutional Trading of NYLIM MacKay Shields Municipal Intermediate ETF
A number of institutional investors have recently added to or reduced their stakes in the stock. Elyxium Wealth LLC increased its position in shares of NYLIM MacKay Shields Municipal Intermediate ETF by 68.1% in the fourth quarter. Elyxium Wealth LLC now owns 227,244 shares of the company’s stock valued at $5,529,000 after buying an additional 92,064 shares in the last quarter. Rockefeller Capital Management L.P. lifted its holdings in shares of NYLIM MacKay Shields Municipal Intermediate ETF by 105.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 172,365 shares of the company’s stock valued at $4,194,000 after purchasing an additional 88,295 shares in the last quarter. TD Private Client Wealth LLC purchased a new position in shares of NYLIM MacKay Shields Municipal Intermediate ETF during the 4th quarter worth approximately $595,000. Clear Trail Advisors LLC purchased a new position in shares of NYLIM MacKay Shields Municipal Intermediate ETF during the 1st quarter worth approximately $4,785,000. Finally, NewEdge Wealth LLC acquired a new position in shares of NYLIM MacKay Shields Municipal Intermediate ETF during the 1st quarter worth approximately $1,054,000.
NYLIM MacKay Shields Municipal Intermediate ETF Company Profile
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.
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