Short Interest in NYLI MacKay California Municipal Intermediate ETF (NYSEARCA:MMCA) Grows By 1,244.4%

NYLI MacKay California Municipal Intermediate ETF (NYSEARCA:MMCA) was the target of a significant growth in short interest in May. As of May 29th, there was short interest totaling 38,840 shares, a growth of 1,244.4% from the May 14th total of 2,889 shares. Based on an average daily volume of 38,697 shares, the short-interest ratio is currently 1.0 days. Approximately 1.0% of the shares of the stock are sold short.

Institutional Investors Weigh In On NYLI MacKay California Municipal Intermediate ETF

A number of large investors have recently added to or reduced their stakes in the company. New York Life Insurance Co. purchased a new stake in NYLI MacKay California Municipal Intermediate ETF during the fourth quarter valued at about $25,132,000. Weil Company Inc. raised its position in NYLI MacKay California Municipal Intermediate ETF by 2.7% during the fourth quarter. Weil Company Inc. now owns 440,127 shares of the company’s stock valued at $9,606,000 after purchasing an additional 11,659 shares in the last quarter. Cetera Investment Advisers increased its holdings in shares of NYLI MacKay California Municipal Intermediate ETF by 453.1% in the first quarter. Cetera Investment Advisers now owns 125,878 shares of the company’s stock worth $2,714,000 after buying an additional 103,118 shares during the period. Octavia Wealth Advisors LLC increased its holdings in shares of NYLI MacKay California Municipal Intermediate ETF by 49.6% in the fourth quarter. Octavia Wealth Advisors LLC now owns 123,871 shares of the company’s stock worth $2,711,000 after buying an additional 41,078 shares during the period. Finally, Entruity Wealth LLC increased its holdings in shares of NYLI MacKay California Municipal Intermediate ETF by 4.7% in the fourth quarter. Entruity Wealth LLC now owns 115,356 shares of the company’s stock worth $2,518,000 after buying an additional 5,205 shares during the period.

NYLI MacKay California Municipal Intermediate ETF Trading Up 0.1%

NYSEARCA MMCA traded up $0.02 during trading hours on Tuesday, reaching $21.74. 35,196 shares of the stock traded hands, compared to its average volume of 23,207. The stock has a 50 day simple moving average of $21.70 and a two-hundred day simple moving average of $21.85. NYLI MacKay California Municipal Intermediate ETF has a 1 year low of $21.09 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.