NYLIM MacKay California Municipal Intermediate ETF (NYSEARCA:MMCA) Shares Shorted: Short Interest Down 60.8% in September

NYLIM MacKay California Municipal Intermediate ETF (NYSEARCA:MMCA) was the recipient of a significant decrease in short interest during the month of September. As of September 30th, there was short interest totaling 25,575 shares, a decrease of 60.8% from the September 15th total of 65,256 shares. Approximately 0.7% of the company’s stock are short sold. Based on an average daily volume of 80,803 shares, the short-interest ratio is currently 0.3 days.

NYLIM MacKay California Municipal Intermediate ETF Price Performance

MMCA stock opened at $20.72 on Thursday. The firm has a 50 day simple moving average of $21.06 and a 200-day simple moving average of $21.46. NYLIM MacKay California Municipal Intermediate ETF has a twelve month low of $20.37 and a twelve month high of $22.26.

Institutional Investors Weigh In On NYLIM MacKay California Municipal Intermediate ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. Sprinkle Financial Consultants LLC acquired a new position in NYLIM MacKay California Municipal Intermediate ETF in the second quarter valued at approximately $309,000. Cetera Investment Advisers boosted its holdings in shares of NYLIM MacKay California Municipal Intermediate ETF by 453.1% during the first quarter. Cetera Investment Advisers now owns 125,878 shares of the company’s stock valued at $2,714,000 after acquiring an additional 103,118 shares during the period. Avantax Planning Partners Inc. boosted its stake in NYLIM MacKay California Municipal Intermediate ETF by 82.2% during the 1st quarter. Avantax Planning Partners Inc. now owns 27,345 shares of the company’s stock valued at $590,000 after purchasing an additional 12,339 shares during the period. Finally, Rockefeller Capital Management L.P. acquired a new stake in shares of NYLIM MacKay California Municipal Intermediate ETF in the fourth quarter valued at approximately $274,000.

NYLIM 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.