Short Interest in MainStay MacKay DefinedTerm Municipal Opportunities Fund (NYSE:MMD) Decreases By 75.9%

Posted by Brenda Bartman on Jul 26th, 2026

MainStay MacKay DefinedTerm Municipal Opportunities Fund (NYSE:MMD – Get Free Report) was the recipient of a significant drop in short interest during the month of July. As of July 15th, there was short interest totaling 7,055 shares, a drop of 75.9% from the June 30th total of 29,270 shares. Based on an average trading volume of 52,389 shares, the days-to-cover ratio is presently 0.1 days.

MainStay MacKay DefinedTerm Municipal Opportunities Fund Stock Up 0.2%

Shares of MainStay MacKay DefinedTerm Municipal Opportunities Fund stock traded up $0.03 during trading on Friday, hitting $15.03. 40,414 shares of the stock were exchanged, compared to its average volume of 57,735. The company has a fifty day moving average price of $15.28 and a 200-day moving average price of $15.25. MainStay MacKay DefinedTerm Municipal Opportunities Fund has a 1-year low of $14.40 and a 1-year high of $15.82.

MainStay MacKay DefinedTerm Municipal Opportunities Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be given a dividend of $0.0675 per share. This represents a c) dividend on an annualized basis and a yield of 5.4%. The ex-dividend date of this dividend is Tuesday, September 15th.

Institutional Trading of MainStay MacKay DefinedTerm Municipal Opportunities Fund

Hedge funds have recently made changes to their positions in the business. Hennion & Walsh Asset Management Inc. increased its holdings in shares of MainStay MacKay DefinedTerm Municipal Opportunities Fund by 5.6% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 739,494 shares of the closed-end fund’s stock worth $10,996,000 after acquiring an additional 38,972 shares during the last quarter. Raymond James Financial Inc. boosted its position in MainStay MacKay DefinedTerm Municipal Opportunities Fund by 13.2% during the third quarter. Raymond James Financial Inc. now owns 567,803 shares of the closed-end fund’s stock worth $8,591,000 after purchasing an additional 66,168 shares during the period. Guggenheim Capital LLC raised its position in shares of MainStay MacKay DefinedTerm Municipal Opportunities Fund by 7.1% in the fourth quarter. Guggenheim Capital LLC now owns 449,927 shares of the closed-end fund’s stock valued at $6,690,000 after purchasing an additional 29,643 shares during the period. Bank of America Corp DE raised its position in shares of MainStay MacKay DefinedTerm Municipal Opportunities Fund by 4.3% in the second quarter. Bank of America Corp DE now owns 326,646 shares of the closed-end fund’s stock valued at $4,831,000 after purchasing an additional 13,581 shares during the period. Finally, Wells Fargo & Company MN lifted its stake in shares of MainStay MacKay DefinedTerm Municipal Opportunities Fund by 9.2% during the 4th quarter. Wells Fargo & Company MN now owns 256,146 shares of the closed-end fund’s stock worth $3,809,000 after buying an additional 21,567 shares during the last quarter.

MainStay MacKay DefinedTerm Municipal Opportunities Fund Company Profile

(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.