NYLI MacKay California Municipal Intermediate ETF (NYSEARCA:MMCA) Sees Large Decrease in Short Interest

NYLI MacKay California Municipal Intermediate ETF (NYSEARCA:MMCA) saw a large drop in short interest in the month of May. As of May 15th, there was short interest totaling 2,889 shares, a drop of 89.9% from the April 30th total of 28,663 shares. Based on an average trading volume of 27,972 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the shares of the company are sold short.

NYLI MacKay California Municipal Intermediate ETF Stock Up 0.2%

Shares of NYSEARCA MMCA traded up $0.04 during midday trading on Thursday, hitting $21.73. The company had a trading volume of 2,836 shares, compared to its average volume of 22,508. NYLI MacKay California Municipal Intermediate ETF has a twelve month low of $21.01 and a twelve month high of $23.00. The business has a 50-day simple moving average of $21.70 and a two-hundred day simple moving average of $21.85.

Institutional Trading of NYLI MacKay California Municipal Intermediate ETF

Several hedge funds and other institutional investors have recently made changes to their positions in MMCA. Octavia Wealth Advisors LLC raised its position 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 worth $2,711,000 after acquiring an additional 41,078 shares during the last quarter. Avantax Planning Partners Inc. raised its position 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 worth $590,000 after acquiring an additional 12,339 shares during the last quarter. Rockefeller Capital Management L.P. acquired a new position in NYLI MacKay California Municipal Intermediate ETF during the fourth quarter worth about $274,000. FF Advisors LLC acquired a new position in NYLI MacKay California Municipal Intermediate ETF during the fourth quarter worth about $1,067,000. Finally, New York Life Insurance Co. acquired a new position in NYLI MacKay California Municipal Intermediate ETF during the fourth quarter worth about $25,132,000.

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.