NYLI MacKay California Municipal Intermediate ETF (NYSEARCA:MMCA) Sees Significant Decrease in Short Interest

NYLI MacKay California Municipal Intermediate ETF (NYSEARCA:MMCA) saw a large decrease in short interest in May. As of May 15th, there was short interest totaling 2,889 shares, a decrease of 89.9% from the April 30th total of 28,663 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 27,972 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of NYLI MacKay California Municipal Intermediate ETF

Several large investors have recently added to or reduced their stakes in MMCA. Ameritas Investment Partners Inc. acquired a new position in shares of NYLI MacKay California Municipal Intermediate ETF in the 3rd quarter valued at $141,000. Wealth Alliance LLC acquired a new position in shares of NYLI MacKay California Municipal Intermediate ETF in the 3rd quarter valued at $232,000. Rockefeller Capital Management L.P. acquired a new position in shares of NYLI MacKay California Municipal Intermediate ETF in the 4th quarter valued at $274,000. Avantax Planning Partners Inc. acquired a new position in shares of NYLI MacKay California Municipal Intermediate ETF in the 4th quarter valued at $328,000. Finally, Citadel Advisors LLC acquired a new position in shares of NYLI MacKay California Municipal Intermediate ETF in the 3rd quarter valued at $402,000.

NYLI MacKay California Municipal Intermediate ETF Stock Down 0.1%

NYSEARCA:MMCA traded down $0.02 during trading hours on Friday, hitting $21.71. The company had a trading volume of 31,062 shares, compared to its average volume of 22,592. The company has a 50-day moving average of $21.69 and a 200 day moving average of $21.85. NYLI MacKay California Municipal Intermediate ETF has a 1 year low of $21.01 and a 1 year high of $23.00.

NYLI 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.