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

NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT) was the target of a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 29,331 shares, a drop of 35.4% from the May 14th total of 45,409 shares. Based on an average trading volume of 1,058,315 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s shares are short sold.

Institutional Trading of NYLI MacKay Shields Municipal Intermediate ETF

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Orgel Wealth Management LLC raised its holdings in NYLI MacKay Shields Municipal Intermediate ETF by 3.7% in the 4th quarter. Orgel Wealth Management LLC now owns 6,325,741 shares of the company’s stock valued at $153,905,000 after buying an additional 222,858 shares during the period. Bank of America Corp DE raised its holdings in NYLI MacKay Shields Municipal Intermediate ETF by 8.2% in the 1st quarter. Bank of America Corp DE now owns 6,215,015 shares of the company’s stock valued at $149,813,000 after buying an additional 471,765 shares during the period. Meeder Advisory Services Inc. raised 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 valued at $70,983,000 after buying an additional 683,938 shares during the period. Morgan Stanley raised its holdings in NYLI MacKay Shields Municipal Intermediate ETF by 7.0% in the 4th quarter. Morgan Stanley now owns 2,785,502 shares of the company’s stock valued at $67,771,000 after buying an additional 183,188 shares during the period. Finally, Schneider Downs Wealth Management Advisors LP raised its holdings in NYLI MacKay Shields Municipal Intermediate ETF by 22.0% in the 3rd quarter. Schneider Downs Wealth Management Advisors LP now owns 2,242,166 shares of the company’s stock valued at $54,485,000 after buying an additional 403,900 shares during the period.

NYLI MacKay Shields Municipal Intermediate ETF Stock Performance

Shares of MMIT opened at $24.31 on Thursday. NYLI MacKay Shields Municipal Intermediate ETF has a 12-month low of $23.68 and a 12-month high of $24.77. The company’s 50-day moving average price is $24.29 and its 200 day moving average price is $24.38.

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.