NYLIM MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT) Shares Shorted: Short Interest Down 92.0% in October

NYLIM MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT) saw a significant decline in short interest in October. As of October 30th, there was short interest totaling 11,329 shares, a decline of 92.0% from the October 15th total of 142,026 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 1,361,848 shares, the short-interest ratio is presently 0.0 days.

NYLIM MacKay Shields Municipal Intermediate ETF Trading Down 0.3%

Shares of NYSEARCA:MMIT traded down $0.06 on Tuesday, reaching $23.84. The company had a trading volume of 508,929 shares, compared to its average volume of 514,551. NYLIM MacKay Shields Municipal Intermediate ETF has a 52-week low of $22.77 and a 52-week high of $24.77. The firm’s 50 day simple moving average is $23.38 and its 200-day simple moving average is $24.07.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. HighTower Advisors LLC acquired a new position in shares of NYLIM MacKay Shields Municipal Intermediate ETF during the 3rd quarter worth approximately $3,435,000. Condor Capital Management increased its holdings in NYLIM MacKay Shields Municipal Intermediate ETF by 3.9% in the 3rd quarter. Condor Capital Management now owns 534,661 shares of the company’s stock worth $12,233,000 after acquiring an additional 19,935 shares in the last quarter. Collaborative Wealth Managment Inc. purchased a new stake in NYLIM MacKay Shields Municipal Intermediate ETF in the 3rd quarter worth $361,000. Fifth Third Bancorp raised its position in NYLIM MacKay Shields Municipal Intermediate ETF by 4.1% during the third quarter. Fifth Third Bancorp now owns 48,716 shares of the company’s stock worth $1,115,000 after acquiring an additional 1,911 shares during the period. Finally, Acorn Creek Capital LLC acquired a new position in NYLIM MacKay Shields Municipal Intermediate ETF during the third quarter worth $548,000.

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.