NYLIM MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT – Get Free Report) was the target of a large growth in short interest in October. As of October 15th, there was short interest totaling 142,026 shares, a growth of 366.7% from the September 30th total of 30,433 shares. Based on an average daily trading volume, of 1,471,278 shares, the short-interest ratio is currently 0.1 days. Currently, 0.2% of the shares of the stock are short sold.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the stock. Concurrent Investment Advisors LLC purchased a new stake in NYLIM MacKay Shields Municipal Intermediate ETF during the second quarter valued at approximately $8,719,000. Waverly Advisors LLC purchased a new stake in NYLIM MacKay Shields Municipal Intermediate ETF in the second quarter valued at approximately $13,967,000. NewEdge Wealth LLC purchased a new position in shares of NYLIM MacKay Shields Municipal Intermediate ETF during the first quarter worth $1,054,000. KFG Wealth Management LLC acquired a new position in shares of NYLIM MacKay Shields Municipal Intermediate ETF in the 2nd quarter valued at about $623,000. Finally, Darwin Wealth Management LLC purchased a new stake in NYLIM MacKay Shields Municipal Intermediate ETF in the 1st quarter worth approximately $6,516,000.
NYLIM MacKay Shields Municipal Intermediate ETF Trading Up 0.0%
MMIT stock opened at $23.64 on Friday. NYLIM MacKay Shields Municipal Intermediate ETF has a twelve month low of $22.77 and a twelve month high of $24.77. The firm’s fifty day simple moving average is $23.41 and its two-hundred day simple moving average is $24.10.
NYLIM MacKay Shields Municipal Intermediate ETF Company Profile
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.
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