NYLI MacKay California Municipal Intermediate ETF (NYSEARCA:MMCA) Short Interest Up 45.3% in January

NYLI MacKay California Municipal Intermediate ETF (NYSEARCA:MMCA) was the recipient of a significant increase in short interest in January. As of January 30th, there was short interest totaling 42,443 shares, an increase of 45.3% from the January 15th total of 29,214 shares. Currently, 1.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 21,870 shares, the short-interest ratio is currently 1.9 days. Based on an average daily trading volume, of 21,870 shares, the short-interest ratio is currently 1.9 days. Currently, 1.3% of the shares of the stock are sold short.

Hedge Funds Weigh In On NYLI MacKay California Municipal Intermediate ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MMCA. Ameritas Investment Partners Inc. acquired a new stake in shares of NYLI MacKay California Municipal Intermediate ETF in the 3rd quarter worth $141,000. Wealth Alliance LLC acquired a new stake in NYLI MacKay California Municipal Intermediate ETF during the third quarter worth about $232,000. Wedmont Private Capital purchased a new position in NYLI MacKay California Municipal Intermediate ETF during the third quarter worth about $249,000. Avantax Planning Partners Inc. acquired a new position in NYLI MacKay California Municipal Intermediate ETF in the 4th quarter valued at about $328,000. Finally, Citadel Advisors LLC purchased a new stake in shares of NYLI MacKay California Municipal Intermediate ETF in the 3rd quarter valued at approximately $402,000.

NYLI MacKay California Municipal Intermediate ETF Stock Up 0.1%

MMCA stock traded up $0.03 during mid-day trading on Monday, reaching $22.15. The company’s stock had a trading volume of 16,414 shares, compared to its average volume of 18,424. The company’s 50 day moving average is $21.92 and its two-hundred day moving average is $21.76. NYLI MacKay California Municipal Intermediate ETF has a fifty-two week low of $20.60 and a fifty-two week high of $23.00.

NYLI MacKay California Municipal Intermediate ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, February 3rd. Investors of record on Friday, January 30th were issued a $0.0579 dividend. This represents a c) annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend was Friday, January 30th.

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.