NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT) Short Interest Update

NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT) was the recipient of a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 109,000 shares, anincreaseof8,284.6% from the July 15th total of 1,300 shares. Approximately0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 322,700 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily trading volume, of 322,700 shares, the days-to-cover ratio is currently 0.3 days. Approximately0.2% of the company’s shares are sold short.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. NewEdge Advisors LLC grew its stake in NYLI MacKay Shields Municipal Intermediate ETF by 108.2% in the second quarter. NewEdge Advisors LLC now owns 18,920 shares of the company’s stock worth $451,000 after purchasing an additional 9,833 shares in the last quarter. Flow Traders U.S. LLC bought a new position in NYLI MacKay Shields Municipal Intermediate ETF in the second quarter worth approximately $671,000. VestGen Advisors LLC grew its stake in NYLI MacKay Shields Municipal Intermediate ETF by 20.2% in the second quarter. VestGen Advisors LLC now owns 113,586 shares of the company’s stock worth $2,705,000 after purchasing an additional 19,072 shares in the last quarter. Kuhn & Co Investment Counsel grew its stake in NYLI MacKay Shields Municipal Intermediate ETF by 3.9% in the second quarter. Kuhn & Co Investment Counsel now owns 77,193 shares of the company’s stock worth $1,841,000 after purchasing an additional 2,913 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake in NYLI MacKay Shields Municipal Intermediate ETF by 16.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,056 shares of the company’s stock worth $97,000 after purchasing an additional 584 shares in the last quarter.

NYLI MacKay Shields Municipal Intermediate ETF Stock Down 0.0%

MMIT opened at $23.89 on Friday. The stock’s 50 day moving average price is $23.78 and its 200-day moving average price is $23.87. NYLI MacKay Shields Municipal Intermediate ETF has a one year low of $22.99 and a one year high of $24.65.

About NYLI 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.