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

NYLI MacKay California Municipal Intermediate ETF (NYSEARCA:MMCA) was the target of a significant decline in short interest in 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 short-interest ratio is currently 1.7 days. Approximately 1.1% of the shares of the stock are sold short. Approximately 1.1% of the shares of the stock are sold short. Based on an average daily volume of 18,844 shares, the short-interest ratio is currently 1.7 days.

NYLI MacKay California Municipal Intermediate ETF Stock Down 0.2%

Shares of NYSEARCA:MMCA traded down $0.04 during trading on Tuesday, hitting $21.82. 9,993 shares of the company were exchanged, compared to its average volume of 11,647. The business’s 50 day moving average is $21.84 and its 200-day moving average is $21.59. NYLI MacKay California Municipal Intermediate ETF has a 1-year low of $20.60 and a 1-year high of $23.00.

Hedge Funds Weigh In On NYLI MacKay California Municipal Intermediate ETF

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

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.