MainStay MacKay DefinedTerm Municipal Opportunities Fund (NYSE:MMD) Short Interest Up 63.4% in July

Posted by Geri Gentry on Aug 18th, 2026

MainStay MacKay DefinedTerm Municipal Opportunities Fund (NYSE:MMD – Get Free Report) was the target of a significant growth in short interest in July. As of July 31st, there was short interest totaling 11,526 shares, a growth of 63.4% from the July 15th total of 7,055 shares. Based on an average daily trading volume, of 33,580 shares, the days-to-cover ratio is presently 0.3 days.

MainStay MacKay DefinedTerm Municipal Opportunities Fund Trading Up 0.3%

NYSE MMD traded up $0.05 on Tuesday, reaching $15.04. The company had a trading volume of 113,221 shares, compared to its average volume of 58,047. The company’s fifty day moving average is $15.23 and its 200 day moving average is $15.23. MainStay MacKay DefinedTerm Municipal Opportunities Fund has a 52-week low of $14.40 and a 52-week high of $15.82.

MainStay MacKay DefinedTerm Municipal Opportunities Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th will be issued a $0.0675 dividend. The ex-dividend date is Tuesday, September 15th. This represents a c) annualized dividend and a dividend yield of 5.4%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Raymond James Financial Inc. increased its stake in MainStay MacKay DefinedTerm Municipal Opportunities Fund by 27.5% in the 2nd quarter. Raymond James Financial Inc. now owns 501,635 shares of the closed-end fund’s stock valued at $7,419,000 after buying an additional 108,288 shares during the last quarter. Wolverine Asset Management LLC purchased a new position in shares of MainStay MacKay DefinedTerm Municipal Opportunities Fund in the 4th quarter worth approximately $1,311,000. Balyasny Asset Management L.P. bought a new position in shares of MainStay MacKay DefinedTerm Municipal Opportunities Fund in the fourth quarter valued at approximately $931,000. Worthington Financial Partners LLC bought a new position in shares of MainStay MacKay DefinedTerm Municipal Opportunities Fund in the fourth quarter valued at approximately $911,000. Finally, Rivernorth Capital Management LLC bought a new position in shares of MainStay MacKay DefinedTerm Municipal Opportunities Fund in the fourth quarter valued at approximately $598,000.

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.