NYLIM MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT) Stock Short Interest Report for September

NYLIM MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT) saw a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 30,433 shares, a growth of 170.4% from the September 15th total of 11,254 shares. Based on an average trading volume of 1,027,940 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.

NYLIM MacKay Shields Municipal Intermediate ETF Stock Performance

Shares of NYSEARCA:MMIT traded up $0.02 during trading hours on Monday, hitting $23.04. 622,379 shares of the company’s stock traded hands, compared to its average volume of 436,696. NYLIM MacKay Shields Municipal Intermediate ETF has a 52 week low of $22.77 and a 52 week high of $24.77. The company’s fifty day simple moving average is $23.59 and its two-hundred day simple moving average is $24.02.

Institutional Trading of NYLIM MacKay Shields Municipal Intermediate ETF

A number of large investors have recently added to or reduced their stakes in the business. RFG Bristol Wealth Advisors LLC lifted its holdings in shares of NYLIM MacKay Shields Municipal Intermediate ETF by 9.8% during the third quarter. RFG Bristol Wealth Advisors LLC now owns 36,139 shares of the company’s stock valued at $827,000 after purchasing an additional 3,237 shares during the last quarter. Titleist Asset Management LLC boosted its position in shares of NYLIM MacKay Shields Municipal Intermediate ETF by 8.2% in the 3rd quarter. Titleist Asset Management LLC now owns 98,857 shares of the company’s stock valued at $2,262,000 after purchasing an additional 7,457 shares during the period. Avidian Wealth Enterprises LLC purchased a new position in NYLIM MacKay Shields Municipal Intermediate ETF in the 3rd quarter worth about $667,000. MassMutual Private Wealth & Trust FSB increased its stake in NYLIM MacKay Shields Municipal Intermediate ETF by 0.3% in the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 460,915 shares of the company’s stock worth $10,546,000 after purchasing an additional 1,413 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. increased its stake in NYLIM MacKay Shields Municipal Intermediate ETF by 37.0% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 15,083 shares of the company’s stock worth $367,000 after purchasing an additional 4,075 shares in the last quarter.

NYLIM 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.