MainStay MacKay DefinedTerm Municipal Opportunities Fund (NYSE:MMD) Short Interest Update

Posted by Geri Gentry on Apr 14th, 2026

MainStay MacKay DefinedTerm Municipal Opportunities Fund (NYSE:MMD – Get Free Report) saw a significant decline in short interest in the month of March. As of March 31st, there was short interest totaling 18,984 shares, a decline of 32.3% from the March 15th total of 28,048 shares. Based on an average daily volume of 68,106 shares, the short-interest ratio is currently 0.3 days.

MainStay MacKay DefinedTerm Municipal Opportunities Fund Stock Up 0.2%

MMD stock traded up $0.03 during trading on Tuesday, hitting $15.22. 57,570 shares of the company traded hands, compared to its average volume of 63,459. MainStay MacKay DefinedTerm Municipal Opportunities Fund has a 1 year low of $14.00 and a 1 year high of $15.82. The stock’s 50-day simple moving average is $15.27 and its 200 day simple moving average is $15.13.

MainStay MacKay DefinedTerm Municipal Opportunities Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th will be issued a $0.0675 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a c) dividend on an annualized basis and a yield of 5.3%.

Institutional Investors Weigh In On MainStay MacKay DefinedTerm Municipal Opportunities Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in MMD. Worthington Financial Partners LLC acquired a new position in MainStay MacKay DefinedTerm Municipal Opportunities Fund during the fourth quarter worth about $911,000. Financially in Tune LLC acquired a new position in MainStay MacKay DefinedTerm Municipal Opportunities Fund during the fourth quarter worth $155,000. Invesco Ltd. purchased a new stake in MainStay MacKay DefinedTerm Municipal Opportunities Fund in the 4th quarter valued at $550,000. Readystate Asset Management LP acquired a new stake in shares of MainStay MacKay DefinedTerm Municipal Opportunities Fund in the 4th quarter worth $269,000. Finally, Rivernorth Capital Management LLC purchased a new position in shares of MainStay MacKay DefinedTerm Municipal Opportunities Fund during the 4th quarter worth $598,000.

About MainStay MacKay DefinedTerm Municipal Opportunities Fund

(Get Free Report)

The MainStay MacKay DefinedTerm Municipal Opportunities Fund (NYSE: MMD) is a closed-end, diversified management investment company that seeks to provide a high level of tax-exempt income. The fund primarily invests in investment-grade municipal securities, including general obligation bonds, revenue bonds and other state and local government obligations. By focusing on tax-exempt instruments, MMD aims to enhance after-tax yields for its shareholders, making it an option for investors in higher tax brackets who seek municipal bond exposure through a publicly traded vehicle.

As a defined-term fund, MMD was structured with a predetermined termination date at which point the portfolio is expected to be liquidated and proceeds returned to investors.