NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT) Short Interest Down 35.4% in May

NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT) was the recipient of a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 29,331 shares, a decline of 35.4% from the May 14th total of 45,409 shares. Based on an average daily volume of 1,058,315 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are sold short.

NYLI MacKay Shields Municipal Intermediate ETF Price Performance

Shares of NYSEARCA:MMIT traded up $0.01 during mid-day trading on Wednesday, reaching $24.36. The stock had a trading volume of 87,934 shares, compared to its average volume of 361,015. NYLI MacKay Shields Municipal Intermediate ETF has a 1 year low of $23.68 and a 1 year high of $24.77. The business’s 50 day moving average price is $24.29 and its 200 day moving average price is $24.38.

Institutional Investors Weigh In On NYLI MacKay Shields Municipal Intermediate ETF

A number of hedge funds have recently made changes to their positions in the company. Opes Wealth Management LLC lifted its position in shares of NYLI MacKay Shields Municipal Intermediate ETF by 1.2% in the third quarter. Opes Wealth Management LLC now owns 39,735 shares of the company’s stock worth $966,000 after buying an additional 480 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of NYLI MacKay Shields Municipal Intermediate ETF by 16.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,056 shares of the company’s stock worth $97,000 after buying an additional 584 shares in the last quarter. United Community Bank lifted its position in shares of NYLI MacKay Shields Municipal Intermediate ETF by 12.6% in the fourth quarter. United Community Bank now owns 5,375 shares of the company’s stock worth $131,000 after buying an additional 600 shares in the last quarter. PKS Advisory Services LLC lifted its position in shares of NYLI MacKay Shields Municipal Intermediate ETF by 1.7% in the third quarter. PKS Advisory Services LLC now owns 39,622 shares of the company’s stock worth $963,000 after buying an additional 671 shares in the last quarter. Finally, Assetmark Inc. lifted its position in shares of NYLI MacKay Shields Municipal Intermediate ETF by 17.9% in the third quarter. Assetmark Inc. now owns 4,936 shares of the company’s stock worth $120,000 after buying an additional 751 shares in the last quarter.

NYLI MacKay Shields Municipal Intermediate ETF Company Profile

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.