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

NYLIM MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT) was the target of a significant increase in short interest in September. As of September 30th, there was short interest totaling 30,433 shares, an increase of 170.4% from the September 15th total of 11,254 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 1,027,940 shares, the short-interest ratio is presently 0.0 days.

NYLIM MacKay Shields Municipal Intermediate ETF Stock Performance

Shares of NYLIM MacKay Shields Municipal Intermediate ETF stock traded up $0.02 during trading on Monday, hitting $23.04. The stock had a trading volume of 622,379 shares, compared to its average volume of 436,696. NYLIM MacKay Shields Municipal Intermediate ETF has a 1 year low of $22.77 and a 1 year high of $24.77. The stock has a 50 day simple moving average of $23.59 and a 200 day simple moving average of $24.02.

Hedge Funds Weigh In On NYLIM MacKay Shields Municipal Intermediate ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Concurrent Investment Advisors LLC purchased a new position in NYLIM MacKay Shields Municipal Intermediate ETF during the 2nd quarter valued at about $8,719,000. Rockefeller Capital Management L.P. lifted its stake in NYLIM MacKay Shields Municipal Intermediate ETF by 105.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 172,365 shares of the company’s stock valued at $4,194,000 after acquiring an additional 88,295 shares during the last quarter. Waverly Advisors LLC acquired a new stake in NYLIM MacKay Shields Municipal Intermediate ETF in the second quarter valued at approximately $13,967,000. Clear Trail Advisors LLC bought a new stake in NYLIM MacKay Shields Municipal Intermediate ETF in the first quarter worth approximately $4,785,000. Finally, NewEdge Wealth LLC bought a new stake in NYLIM MacKay Shields Municipal Intermediate ETF in the first quarter worth approximately $1,054,000.

About NYLIM MacKay Shields Municipal Intermediate ETF

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.