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

by · The Cerbat Gem

NYLI MacKay California Municipal Intermediate ETF (NYSEARCA:MMCA – Get Free Report) was the target of a significant decline in short interest in May. As of May 15th, there was short interest totaling 2,889 shares, a decline of 89.9% from the April 30th total of 28,663 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 27,972 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Investors Weigh In On NYLI MacKay California Municipal Intermediate ETF

A number of institutional investors have recently bought and sold shares of the stock. New York Life Insurance Co. purchased a new stake in NYLI MacKay California Municipal Intermediate ETF in the fourth quarter valued at approximately $25,132,000. Weil Company Inc. grew its holdings in NYLI MacKay California Municipal Intermediate ETF by 2.7% in the fourth quarter. Weil Company Inc. now owns 440,127 shares of the company’s stock valued at $9,606,000 after purchasing an additional 11,659 shares during the period. Cetera Investment Advisers grew its holdings in NYLI 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 valued at $2,714,000 after purchasing an additional 103,118 shares during the period. Octavia Wealth Advisors LLC grew its holdings in NYLI MacKay California Municipal Intermediate ETF by 49.6% in the fourth quarter. Octavia Wealth Advisors LLC now owns 123,871 shares of the company’s stock valued at $2,711,000 after purchasing an additional 41,078 shares during the period. Finally, Entruity Wealth LLC grew its holdings in NYLI MacKay California Municipal Intermediate ETF by 4.7% in the fourth quarter. Entruity Wealth LLC now owns 115,356 shares of the company’s stock valued at $2,518,000 after purchasing an additional 5,205 shares during the period.

NYLI MacKay California Municipal Intermediate ETF Stock Performance

Shares of NYSEARCA MMCA traded up $0.04 during midday trading on Thursday, reaching $21.73. 2,836 shares of the stock were exchanged, compared to its average volume of 22,508. NYLI MacKay California Municipal Intermediate ETF has a 52-week low of $21.01 and a 52-week high of $23.00. The stock has a 50 day moving average price of $21.70 and a 200-day moving average price of $21.85.

NYLI MacKay California Municipal Intermediate ETF Company Profile

(Get Free Report)

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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