NYLIM MacKay California Municipal Intermediate ETF (NYSEARCA:MMCA) Sees Significant Growth in Short Interest

NYLIM MacKay California Municipal Intermediate ETF (NYSEARCA:MMCA) was the target of a significant growth in short interest in October. As of October 15th, there was short interest totaling 103,342 shares, a growth of 304.1% from the September 30th total of 25,575 shares. Based on an average trading volume of 196,929 shares, the days-to-cover ratio is presently 0.5 days. Currently, 2.2% of the company’s stock are short sold.

NYLIM MacKay California Municipal Intermediate ETF Trading Up 0.1%

Shares of NYSEARCA MMCA traded up $0.03 during trading on Thursday, reaching $21.14. The company had a trading volume of 1,879 shares, compared to its average volume of 34,865. NYLIM MacKay California Municipal Intermediate ETF has a 12-month low of $20.37 and a 12-month high of $22.26. The business’s 50-day moving average is $20.95 and its 200 day moving average is $21.57.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Cetera Investment Advisers grew its stake in shares of NYLIM MacKay California Municipal Intermediate ETF by 453.1% in the first quarter. Cetera Investment Advisers now owns 125,878 shares of the company’s stock worth $2,714,000 after acquiring an additional 103,118 shares during the period. 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. Rockefeller Capital Management L.P. bought a new position in NYLIM MacKay California Municipal Intermediate ETF during the fourth quarter valued at approximately $274,000. Avantax Planning Partners Inc. lifted its position in 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 period. Finally, Physician Wealth Advisors Inc. lifted its position in NYLIM MacKay California Municipal Intermediate ETF by 149.8% during the third quarter. Physician Wealth Advisors Inc. now owns 6,462 shares of the company’s stock valued at $132,000 after purchasing an additional 3,875 shares during the period.

About NYLIM 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.