NYLIM MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT) Stock Short Interest Report for October

NYLIM MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT) saw a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 142,026 shares, a growth of 366.7% from the September 30th total of 30,433 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 1,471,278 shares, the short-interest ratio is presently 0.1 days.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of MMIT. Stronghold Wealth Management L.L.C. boosted its holdings 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 increased its holdings in NYLIM MacKay Shields Municipal Intermediate ETF by 0.6% during the 1st quarter. 46 Peaks LLC now owns 183,500 shares of the company’s stock worth $4,423,000 after purchasing an additional 1,018 shares during the period. MassMutual Private Wealth & Trust FSB increased its holdings in NYLIM MacKay Shields Municipal Intermediate ETF by 0.3% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 460,915 shares of the company’s stock worth $10,546,000 after purchasing an additional 1,413 shares during the period. NewEdge Advisors LLC increased its holdings in NYLIM MacKay Shields Municipal Intermediate ETF by 24.2% during the 2nd quarter. NewEdge Advisors LLC now owns 11,699 shares of the company’s stock worth $285,000 after purchasing an additional 2,281 shares during the period. Finally, RFG Bristol Wealth Advisors LLC raised its position in NYLIM MacKay Shields Municipal Intermediate ETF by 12.2% during the 1st 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 Stock Performance

NYSEARCA:MMIT remained flat at $23.63 during mid-day trading on Thursday. 571,704 shares of the company traded hands, compared to its average volume of 497,909. NYLIM MacKay Shields Municipal Intermediate ETF has a one year low of $22.77 and a one year high of $24.77. The stock has a 50 day moving average price of $23.42 and a 200 day moving average price of $24.10.

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.