NYLIM MacKay California Municipal Intermediate ETF (NYSEARCA:MMCA – Get Free Report) was the recipient of a large decline in short interest in September. As of September 30th, there was short interest totaling 25,575 shares, a decline of 60.8% from the September 15th total of 65,256 shares. Currently, 0.7% of the company’s stock are sold short. Based on an average trading volume of 80,803 shares, the short-interest ratio is presently 0.3 days.
NYLIM MacKay California Municipal Intermediate ETF Price Performance
Shares of NYSEARCA MMCA traded down $0.03 during midday trading on Wednesday, reaching $20.68. The company’s stock had a trading volume of 77,268 shares, compared to its average volume of 34,883. NYLIM MacKay California Municipal Intermediate ETF has a fifty-two week low of $20.37 and a fifty-two week high of $22.26. The stock has a 50 day simple moving average of $21.08 and a 200-day simple moving average of $21.47.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the stock. 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 valued at $2,714,000 after buying an additional 103,118 shares in the last quarter. Sprinkle Financial Consultants LLC acquired a new position in NYLIM MacKay California Municipal Intermediate ETF during the second quarter worth $309,000. Rockefeller Capital Management L.P. acquired a new position in NYLIM MacKay California Municipal Intermediate ETF during the fourth quarter worth $274,000. Finally, Avantax Planning Partners Inc. raised 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 worth $590,000 after acquiring an additional 12,339 shares in the last quarter.
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.
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