NYLI MacKay California Municipal Intermediate ETF (NYSEARCA:MMCA) Sees Large Growth in Short Interest

NYLI MacKay California Municipal Intermediate ETF (NYSEARCA:MMCA) was the recipient of a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 38,840 shares, an increase of 1,244.4% from the May 14th total of 2,889 shares. Currently, 1.0% of the shares of the company are sold short. Based on an average trading volume of 38,697 shares, the short-interest ratio is presently 1.0 days.

NYLI MacKay California Municipal Intermediate ETF Trading Down 0.3%

NYSEARCA:MMCA traded down $0.06 during trading hours on Wednesday, reaching $21.68. The company had a trading volume of 38,523 shares, compared to its average volume of 23,346. NYLI MacKay California Municipal Intermediate ETF has a 1-year low of $21.09 and a 1-year high of $23.00. The business’s 50 day moving average price is $21.70 and its 200-day moving average price is $21.85.

Hedge Funds Weigh In On NYLI MacKay California Municipal Intermediate ETF

Several large investors have recently made changes to their positions in the company. Cetera Investment Advisers grew its position in NYLI MacKay California Municipal Intermediate ETF by 453.1% during 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 during the period. Avantax Planning Partners Inc. boosted its stake in shares of NYLI MacKay California Municipal Intermediate ETF by 82.2% during the 1st 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. Rockefeller Capital Management L.P. purchased a new stake in shares of NYLI MacKay California Municipal Intermediate ETF during the 4th quarter worth about $274,000. OLD Mission Capital LLC grew its position in shares of NYLI MacKay California Municipal Intermediate ETF by 123.9% during the 4th quarter. OLD Mission Capital LLC now owns 22,126 shares of the company’s stock valued at $483,000 after acquiring an additional 12,243 shares during the period. Finally, FF Advisors LLC purchased a new position in shares of NYLI MacKay California Municipal Intermediate ETF in the 4th quarter valued at about $1,067,000.

About NYLI 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.