NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT – Get Free Report) was the target of a large decrease in short interest in July. As of July 15th, there was short interest totaling 17,003 shares, a decrease of 71.0% from the June 30th total of 58,669 shares. Based on an average daily trading volume, of 230,521 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are sold short.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Mariner LLC lifted its holdings in shares of NYLI MacKay Shields Municipal Intermediate ETF by 1,689.0% in the third quarter. Mariner LLC now owns 1,181,175 shares of the company’s stock worth $28,703,000 after buying an additional 1,115,151 shares in the last quarter. Meeder Advisory Services Inc. grew its stake in NYLI MacKay Shields Municipal Intermediate ETF by 30.3% during the first quarter. Meeder Advisory Services Inc. now owns 2,944,732 shares of the company’s stock valued at $70,983,000 after acquiring an additional 683,938 shares in the last quarter. Midwest Trust Co grew its stake in NYLI MacKay Shields Municipal Intermediate ETF by 96.5% during the fourth quarter. Midwest Trust Co now owns 1,277,827 shares of the company’s stock valued at $31,090,000 after acquiring an additional 627,505 shares in the last quarter. Bank of America Corp DE increased its holdings in NYLI MacKay Shields Municipal Intermediate ETF by 8.2% in the 1st quarter. Bank of America Corp DE now owns 6,215,015 shares of the company’s stock valued at $149,813,000 after acquiring an additional 471,765 shares during the last quarter. Finally, Schneider Downs Wealth Management Advisors LP lifted its stake in NYLI MacKay Shields Municipal Intermediate ETF by 22.0% in the 3rd quarter. Schneider Downs Wealth Management Advisors LP now owns 2,242,166 shares of the company’s stock worth $54,485,000 after purchasing an additional 403,900 shares in the last quarter.
NYLI MacKay Shields Municipal Intermediate ETF Price Performance
NYSEARCA:MMIT opened at $23.96 on Friday. The business’s 50-day simple moving average is $24.27 and its two-hundred day simple moving average is $24.37. NYLI MacKay Shields Municipal Intermediate ETF has a 52 week low of $23.70 and a 52 week high of $24.77.
NYLI 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.
See Also
- Five stocks we like better than NYLI MacKay Shields Municipal Intermediate ETF
- Telecom Earnings Reveal a Sector That Finally Looks Healthier
- Defense Earnings Show Readiness Now and Modernization Ahead
- Why Palantir Investors Aren’t Panicking While the Rest of AI Sells Off
- MarketBeat Week in Review – 07/20- 07/24
Receive News & Ratings for NYLI MacKay Shields Municipal Intermediate ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NYLI MacKay Shields Municipal Intermediate ETF and related companies with MarketBeat.com's FREE daily email newsletter.
