NYLIM MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT) Shares Shorted: Short Interest Up 170.4% in September

NYLIM MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT) was the recipient of a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 30,433 shares, a growth of 170.4% from the September 15th total of 11,254 shares. Based on an average daily volume of 1,027,940 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are sold short.

Institutional Trading of NYLIM MacKay Shields Municipal Intermediate ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE raised its position in shares of NYLIM 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 worth $149,813,000 after acquiring an additional 471,765 shares in the last quarter. Meeder Advisory Services Inc. boosted its position in NYLIM MacKay Shields Municipal Intermediate ETF by 30.3% during the first quarter. Meeder Advisory Services Inc. now owns 2,944,732 shares of the company’s stock valued at $70,983,000 after purchasing an additional 683,938 shares in the last quarter. Cetera Investment Advisers grew its stake in NYLIM MacKay Shields Municipal Intermediate ETF by 5.5% in the first quarter. Cetera Investment Advisers now owns 2,053,468 shares of the company’s stock valued at $49,499,000 after purchasing an additional 107,132 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in NYLIM MacKay Shields Municipal Intermediate ETF by 10.2% in the second quarter. Envestnet Asset Management Inc. now owns 983,337 shares of the company’s stock valued at $23,944,000 after purchasing an additional 91,392 shares during the last quarter. Finally, Royal Bank of Canada grew its stake in NYLIM MacKay Shields Municipal Intermediate ETF by 23.9% in the first quarter. Royal Bank of Canada now owns 712,696 shares of the company’s stock valued at $17,180,000 after purchasing an additional 137,591 shares during the last quarter.

NYLIM MacKay Shields Municipal Intermediate ETF Stock Performance

MMIT stock traded up $0.11 during trading on Tuesday, hitting $23.15. 1,490,661 shares of the company’s stock traded hands, compared to its average volume of 442,103. The business has a fifty day simple moving average of $23.55 and a two-hundred day simple moving average of $24.01. NYLIM MacKay Shields Municipal Intermediate ETF has a 1 year low of $22.77 and a 1 year high of $24.77.

About NYLIM 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.