Short Interest in NYLI MacKay California Municipal Intermediate ETF (NYSEARCA:MMCA) Grows By 1,244.4%

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. Based on an average daily trading volume, of 38,697 shares, the short-interest ratio is currently 1.0 days. Approximately 1.0% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Octavia Wealth Advisors LLC boosted its stake in NYLI MacKay California Municipal Intermediate ETF by 49.6% during the fourth quarter. Octavia Wealth Advisors LLC now owns 123,871 shares of the company’s stock valued at $2,711,000 after buying an additional 41,078 shares during the period. Avantax Planning Partners Inc. boosted its stake in NYLI MacKay California Municipal Intermediate ETF by 82.2% during the first quarter. Avantax Planning Partners Inc. now owns 27,345 shares of the company’s stock valued at $590,000 after buying an additional 12,339 shares during the period. Rockefeller Capital Management L.P. bought a new stake in NYLI MacKay California Municipal Intermediate ETF during the fourth quarter valued at $274,000. FF Advisors LLC bought a new stake in NYLI MacKay California Municipal Intermediate ETF during the fourth quarter valued at $1,067,000. Finally, New York Life Insurance Co. bought a new stake in NYLI MacKay California Municipal Intermediate ETF during the fourth quarter valued at $25,132,000.

NYLI MacKay California Municipal Intermediate ETF Trading Up 0.1%

Shares of NYLI MacKay California Municipal Intermediate ETF stock traded up $0.02 on Tuesday, reaching $21.74. The stock had a trading volume of 35,196 shares, compared to its average volume of 23,207. The business’s 50 day moving average is $21.70 and its two-hundred day moving average is $21.85. NYLI MacKay California Municipal Intermediate ETF has a 1 year low of $21.09 and a 1 year high of $23.00.

NYLI MacKay California Municipal Intermediate ETF Company Profile

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.