NYLIM MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT) Sees Large Decrease in Short Interest

Posted by Donna Armstrong on Sep 15th, 2026

NYLIM MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT – Get Free Report) was the target of a large decline in short interest in August. As of August 31st, there was short interest totaling 13,466 shares, a decline of 47.5% from the August 15th total of 25,629 shares. Based on an average daily trading volume, of 238,341 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are sold short.

Hedge Funds Weigh In On NYLIM MacKay Shields Municipal Intermediate ETF

A number of large investors have recently modified their holdings of MMIT. Root Financial Partners LLC purchased a new position in NYLIM MacKay Shields Municipal Intermediate ETF during the fourth quarter valued at approximately $83,000. Pinnacle Bancorp Inc. purchased a new stake in NYLIM MacKay Shields Municipal Intermediate ETF in the 1st quarter worth approximately $162,000. Western Wealth Management LLC purchased a new stake in NYLIM MacKay Shields Municipal Intermediate ETF in the 1st quarter worth approximately $180,000. Gateway Wealth Partners LLC bought a new position in NYLIM MacKay Shields Municipal Intermediate ETF in the 1st quarter valued at $227,000. Finally, Fluent Financial LLC bought a new position in NYLIM MacKay Shields Municipal Intermediate ETF in the 2nd quarter valued at $251,000.

NYLIM MacKay Shields Municipal Intermediate ETF Stock Performance

Shares of NYSEARCA:MMIT traded down $0.04 during midday trading on Tuesday, reaching $23.41. 701,709 shares of the company traded hands, compared to its average volume of 353,138. NYLIM MacKay Shields Municipal Intermediate ETF has a 12 month low of $23.37 and a 12 month high of $24.77. The firm’s fifty day moving average price is $23.98 and its two-hundred day moving average price is $24.20.

NYLIM MacKay Shields Municipal Intermediate ETF Company Profile

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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.