NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT – Get Free Report) was the target of a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 66,732 shares, a growth of 127.5% from the May 31st total of 29,331 shares. Based on an average trading volume of 200,235 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the shares of the stock are short sold.
NYLI MacKay Shields Municipal Intermediate ETF Trading Down 0.3%
Shares of MMIT stock traded down $0.08 during trading hours on Tuesday, hitting $24.35. 145,297 shares of the company’s stock were exchanged, compared to its average volume of 352,024. NYLI MacKay Shields Municipal Intermediate ETF has a 12-month low of $23.68 and a 12-month high of $24.77. The business’s 50 day simple moving average is $24.30 and its 200-day simple moving average is $24.38.
Hedge Funds Weigh In On NYLI MacKay Shields Municipal Intermediate ETF
A number of large investors have recently added to or reduced their stakes in the business. CWM LLC purchased a new stake in NYLI MacKay Shields Municipal Intermediate ETF during the fourth quarter valued at about $26,000. CIBC Private Wealth Group LLC bought a new stake in shares of NYLI MacKay Shields Municipal Intermediate ETF in the 4th quarter valued at about $27,000. BOKF NA bought a new stake in shares of NYLI MacKay Shields Municipal Intermediate ETF in the 3rd quarter valued at about $53,000. Root Financial Partners LLC purchased a new stake in NYLI MacKay Shields Municipal Intermediate ETF during the 4th quarter valued at about $83,000. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in NYLI MacKay Shields Municipal Intermediate ETF by 16.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,056 shares of the company’s stock valued at $97,000 after acquiring an additional 584 shares during the period.
About NYLI MacKay Shields Municipal Intermediate ETF
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.
Featured Articles
- Five stocks we like better than NYLI MacKay Shields Municipal Intermediate ETF
- NextEra’s Dominion Deal Could Put It at the Center of the AI Power Race
- Amazon Could Be About to Reap the Rewards of a Software Spending Boom
- Best Buy’s Turnaround Is Gaining Traction, But Wall Street Still Needs Proof
- AI Fears Hit Nebius Stock, But Has the Growth Thesis Changed?
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.
