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

NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT) was the recipient of a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 66,732 shares, a growth of 127.5% from the May 31st total of 29,331 shares. Based on an average trading volume of 200,235 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the shares of the stock are sold short.

Institutional Trading of NYLI MacKay Shields Municipal Intermediate ETF

Institutional investors have recently modified their holdings of the stock. Mariner LLC raised its position in shares of NYLI MacKay Shields Municipal Intermediate ETF by 1,689.0% during the 3rd quarter. Mariner LLC now owns 1,181,175 shares of the company’s stock worth $28,703,000 after purchasing an additional 1,115,151 shares during the last quarter. Meeder Advisory Services Inc. boosted its holdings in NYLI MacKay Shields Municipal Intermediate ETF by 30.3% in the 1st quarter. Meeder Advisory Services Inc. now owns 2,944,732 shares of the company’s stock worth $70,983,000 after buying an additional 683,938 shares during the last quarter. Midwest Trust Co boosted its holdings in NYLI MacKay Shields Municipal Intermediate ETF by 96.5% in the 4th quarter. Midwest Trust Co now owns 1,277,827 shares of the company’s stock worth $31,090,000 after buying an additional 627,505 shares during the last quarter. Bank of America Corp DE increased its stake in NYLI MacKay Shields Municipal Intermediate ETF by 8.2% during the 1st quarter. Bank of America Corp DE now owns 6,215,015 shares of the company’s stock worth $149,813,000 after buying an additional 471,765 shares in the last quarter. Finally, Schneider Downs Wealth Management Advisors LP increased its stake in NYLI MacKay Shields Municipal Intermediate ETF by 22.0% during the 3rd quarter. Schneider Downs Wealth Management Advisors LP now owns 2,242,166 shares of the company’s stock worth $54,485,000 after buying an additional 403,900 shares in the last quarter.

NYLI MacKay Shields Municipal Intermediate ETF Price Performance

NYSEARCA MMIT traded up $0.01 on Wednesday, hitting $24.36. The company had a trading volume of 168,799 shares, compared to its average volume of 350,546. The company’s fifty day moving average price is $24.30 and its 200-day moving average price is $24.38. NYLI MacKay Shields Municipal Intermediate ETF has a 12-month low of $23.68 and a 12-month high of $24.77.

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. MMIT was launched on Oct 18, 2017 and is managed by IndexIQ.