MainStay MacKay DefinedTerm Municipal Opportunities Fund (NYSE:MMD – Get Free Report) saw a large decline in short interest during the month of June. As of June 15th, there was short interest totalling 55,900 shares, a decline of 19.9% from the May 31st total of 69,800 shares. Based on an average daily trading volume, of 56,500 shares, the days-to-cover ratio is presently 1.0 days.
MainStay MacKay DefinedTerm Municipal Opportunities Fund Stock Performance
NYSE:MMD opened at $16.58 on Friday. The business has a 50 day moving average of $16.31 and a 200 day moving average of $16.34. MainStay MacKay DefinedTerm Municipal Opportunities Fund has a 1-year low of $14.30 and a 1-year high of $17.32.
MainStay MacKay DefinedTerm Municipal Opportunities Fund Dividend Announcement
The business also recently declared a monthly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were paid a $0.06 dividend. The ex-dividend date was Friday, June 14th. This represents a $0.72 dividend on an annualized basis and a yield of 4.34%.
Hedge Funds Weigh In On MainStay MacKay DefinedTerm Municipal Opportunities Fund
MainStay MacKay DefinedTerm Municipal Opportunities Fund Company Profile
MainStay DefinedTerm Municipal Opportunities Fund is a closed-ended fixed income mutual fund launched and managed by New York Life Investment Management LLC. The fund is co-managed by MacKay Shields LLC. It invests in the fixed income markets of the United States. The fund primarily invests in investment grade municipal bonds which are exempt from regular U.S.
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