NYLIM MacKay California Municipal Intermediate ETF (NYSEARCA:MMCA – Get Free Report) was the recipient of a large decline in short interest during the month of September. As of September 30th, there was short interest totaling 25,575 shares, a decline of 60.8% from the September 15th total of 65,256 shares. Currently, 0.7% of the company’s stock are short sold. Based on an average daily volume of 80,803 shares, the days-to-cover ratio is presently 0.3 days.
NYLIM MacKay California Municipal Intermediate ETF Stock Performance
NYLIM MacKay California Municipal Intermediate ETF stock traded up $0.03 during mid-day trading on Tuesday, reaching $20.66. The stock had a trading volume of 62,500 shares, compared to its average volume of 34,414. The company has a 50-day moving average price of $21.09 and a two-hundred day moving average price of $21.47. NYLIM MacKay California Municipal Intermediate ETF has a one year low of $20.37 and a one year high of $22.26.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the company. Sprinkle Financial Consultants LLC purchased a new stake in shares of NYLIM MacKay California Municipal Intermediate ETF during the second quarter valued at approximately $309,000. Cetera Investment Advisers raised its holdings in NYLIM MacKay California Municipal Intermediate ETF by 453.1% in the 1st quarter. Cetera Investment Advisers now owns 125,878 shares of the company’s stock worth $2,714,000 after acquiring an additional 103,118 shares during the last quarter. Avantax Planning Partners Inc. lifted its position in NYLIM MacKay California Municipal Intermediate ETF by 82.2% in the 1st quarter. Avantax Planning Partners Inc. now owns 27,345 shares of the company’s stock valued at $590,000 after acquiring an additional 12,339 shares in the last quarter. Finally, Rockefeller Capital Management L.P. bought a new position in NYLIM MacKay California Municipal Intermediate ETF in the 4th 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.
See Also
- Five stocks we like better than NYLIM MacKay California Municipal Intermediate ETF
- Could T-Mobile’s Satellite Competition Fears Create a Buying Opportunity?
- Surgical Precision, Sustainable Returns: Johnson & Johnson Secures its Cash Flow Runway
- Tesla’s Robotaxi Lands in Paris—But Europe’s Real Fight Is Over Cheap EVs
- IonQ Fell 9% on a $1.3 Billion Deal—Is Wall Street Missing Something?
Receive News & Ratings for NYLIM MacKay California Municipal Intermediate ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NYLIM MacKay California Municipal Intermediate ETF and related companies with MarketBeat.com's FREE daily email newsletter.
