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) saw 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. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 1,027,940 shares, the days-to-cover ratio is presently 0.0 days.

NYLIM MacKay Shields Municipal Intermediate ETF Stock Down 0.3%

Shares of NYLIM MacKay Shields Municipal Intermediate ETF stock traded down $0.07 on Wednesday, hitting $23.08. 180,089 shares of the company’s stock traded hands, compared to its average volume of 440,630. The company has a fifty day moving average of $23.55 and a two-hundred day moving average of $24.01. NYLIM MacKay Shields Municipal Intermediate ETF has a one year low of $22.77 and a one year high of $24.77.

Institutional Investors Weigh In On NYLIM MacKay Shields Municipal Intermediate ETF

A number of institutional investors and hedge funds have recently bought and sold shares of MMIT. Stronghold Wealth Management L.L.C. raised its position in shares of NYLIM MacKay Shields Municipal Intermediate ETF by 3.4% in the first quarter. Stronghold Wealth Management L.L.C. now owns 25,201 shares of the company’s stock valued at $607,000 after purchasing an additional 832 shares during the period. 46 Peaks LLC boosted its holdings in shares of NYLIM MacKay Shields Municipal Intermediate ETF by 0.6% in the first quarter. 46 Peaks LLC now owns 183,500 shares of the company’s stock worth $4,423,000 after acquiring an additional 1,018 shares during the period. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of NYLIM MacKay Shields Municipal Intermediate ETF by 0.3% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 460,915 shares of the company’s stock worth $10,546,000 after acquiring an additional 1,413 shares during the period. NewEdge Advisors LLC grew its position in shares of NYLIM MacKay Shields Municipal Intermediate ETF by 24.2% in the second quarter. NewEdge Advisors LLC now owns 11,699 shares of the company’s stock valued at $285,000 after purchasing an additional 2,281 shares in the last quarter. Finally, RFG Bristol Wealth Advisors LLC grew its position in shares of NYLIM MacKay Shields Municipal Intermediate ETF by 12.2% in the first quarter. RFG Bristol Wealth Advisors LLC now owns 29,590 shares of the company’s stock valued at $713,000 after purchasing an additional 3,208 shares in the last quarter.

NYLIM MacKay Shields Municipal Intermediate ETF Company Profile

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.