NYLIM MacKay California Municipal Intermediate ETF (NYSEARCA:MMCA) Shares Shorted: Short Interest Up 304.1% in October

NYLIM MacKay California Municipal Intermediate ETF (NYSEARCA:MMCA) saw a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 103,342 shares, an increase of 304.1% from the September 30th total of 25,575 shares. Approximately 2.2% of the company’s shares are short sold. Based on an average trading volume of 196,929 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Physician Wealth Advisors Inc. boosted its stake in shares of NYLIM MacKay California Municipal Intermediate ETF by 149.8% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 6,462 shares of the company’s stock valued at $132,000 after purchasing an additional 3,875 shares during the last quarter. Rockefeller Capital Management L.P. bought a new stake in shares of NYLIM MacKay California Municipal Intermediate ETF during the fourth quarter worth approximately $274,000. Sprinkle Financial Consultants LLC bought a new stake in shares of NYLIM MacKay California Municipal Intermediate ETF during the second quarter worth approximately $309,000. SeaCrest Wealth Management LLC raised its stake in shares of NYLIM MacKay California Municipal Intermediate ETF by 13.4% during the third quarter. SeaCrest Wealth Management LLC now owns 16,922 shares of the company’s stock worth $346,000 after buying an additional 1,994 shares during the last quarter. Finally, Avantax Planning Partners Inc. lifted its holdings in NYLIM MacKay California Municipal Intermediate ETF by 82.2% in the first quarter. Avantax Planning Partners Inc. now owns 27,345 shares of the company’s stock valued at $590,000 after buying an additional 12,339 shares during the period.

NYLIM MacKay California Municipal Intermediate ETF Price Performance

MMCA stock remained flat at $21.11 during midday trading on Wednesday. The company had a trading volume of 1,503 shares, compared to its average volume of 35,020. The business’s fifty day moving average price is $20.96 and its two-hundred day moving average price is $21.57. NYLIM MacKay California Municipal Intermediate ETF has a 1 year low of $20.37 and a 1 year high of $22.26.

About NYLIM MacKay California Municipal Intermediate ETF

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.