NYLIM MacKay California Municipal Intermediate ETF (NYSEARCA:MMCA) Stock Short Interest Report for October

NYLIM MacKay California Municipal Intermediate ETF (NYSEARCA:MMCA) was the target of a significant increase in short interest in October. As of October 15th, there was short interest totaling 103,342 shares, an increase of 304.1% from the September 30th total of 25,575 shares. Approximately 2.2% of the company’s stock are sold short. Based on an average daily volume of 196,929 shares, the days-to-cover ratio is currently 0.5 days.

NYLIM MacKay California Municipal Intermediate ETF Stock Down 0.1%

Shares of NYSEARCA:MMCA traded down $0.03 during trading on Friday, hitting $21.11. 20,095 shares of the company were exchanged, compared to its average volume of 34,725. NYLIM MacKay California Municipal Intermediate ETF has a fifty-two week low of $20.37 and a fifty-two week high of $22.26. The firm has a fifty day moving average price of $20.95 and a two-hundred day moving average price of $21.56.

Hedge Funds Weigh In On NYLIM MacKay California Municipal Intermediate ETF

A number of large investors have recently made changes to their positions in the company. Physician Wealth Advisors Inc. raised its holdings in NYLIM MacKay California Municipal Intermediate ETF by 149.8% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 6,462 shares of the company’s stock valued at $132,000 after acquiring an additional 3,875 shares in the last quarter. Rockefeller Capital Management L.P. acquired a new stake in shares of NYLIM MacKay California Municipal Intermediate ETF during the 4th quarter worth $274,000. Sprinkle Financial Consultants LLC bought a new position in shares of NYLIM MacKay California Municipal Intermediate ETF in the second quarter worth $309,000. SeaCrest Wealth Management LLC increased its position in shares of NYLIM MacKay California Municipal Intermediate ETF by 13.4% in the third quarter. SeaCrest Wealth Management LLC now owns 16,922 shares of the company’s stock worth $346,000 after purchasing an additional 1,994 shares during the period. Finally, Avantax Planning Partners Inc. raised its stake in NYLIM MacKay California Municipal Intermediate ETF by 82.2% in the first quarter. Avantax Planning Partners Inc. now owns 27,345 shares of the company’s stock valued at $590,000 after purchasing an additional 12,339 shares in the last quarter.

About NYLIM MacKay California Municipal Intermediate ETF

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.