NYLI MacKay California Municipal Intermediate ETF (NYSEARCA:MMCA – Get Free Report) was the target of a large growth in short interest during the month of January. As of January 30th, there was short interest totaling 42,443 shares, a growth of 45.3% from the January 15th total of 29,214 shares. Based on an average daily volume of 21,870 shares, the short-interest ratio is currently 1.9 days. Currently, 1.3% of the shares of the company are short sold. Currently, 1.3% of the shares of the company are short sold. Based on an average daily volume of 21,870 shares, the short-interest ratio is currently 1.9 days.
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of the stock. Ameritas Investment Partners Inc. bought a new stake in shares of NYLI MacKay California Municipal Intermediate ETF during the 3rd quarter valued at $141,000. Wealth Alliance LLC bought a new stake in NYLI MacKay California Municipal Intermediate ETF during the third quarter valued at about $232,000. Wedmont Private Capital purchased a new position in shares of NYLI MacKay California Municipal Intermediate ETF in the third quarter worth $249,000. Avantax Planning Partners Inc. bought a new position in NYLI MacKay California Municipal Intermediate ETF during the fourth quarter valued at approximately $328,000. Finally, Citadel Advisors LLC purchased a new position in NYLI MacKay California Municipal Intermediate ETF in the third quarter worth about $402,000.
NYLI MacKay California Municipal Intermediate ETF Stock Performance
Shares of NYSEARCA:MMCA opened at $22.15 on Friday. The firm has a 50 day moving average of $21.92 and a 200-day moving average of $21.76. NYLI MacKay California Municipal Intermediate ETF has a 12 month low of $20.60 and a 12 month high of $23.00.
NYLI MacKay California Municipal Intermediate ETF Cuts Dividend
About NYLI 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.
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