NYLI MacKay California Municipal Intermediate ETF (NYSEARCA:MMCA) Sees Significant Growth in Short Interest

NYLI MacKay California Municipal Intermediate ETF (NYSEARCA:MMCA) was the recipient of a large growth in short interest in the month of January. As of January 30th, there was short interest totaling 42,443 shares, a growth of 45.3% from the January 15th total of 29,214 shares. Based on an average trading volume of 21,870 shares, the short-interest ratio is presently 1.9 days. Currently, 1.3% of the company’s shares are sold short. Currently, 1.3% of the company’s shares are sold short. Based on an average trading volume of 21,870 shares, the short-interest ratio is presently 1.9 days.

Institutional Investors Weigh In On NYLI MacKay California Municipal Intermediate ETF

Large investors have recently bought and sold shares of the company. Ameritas Investment Partners Inc. bought a new position in NYLI MacKay California Municipal Intermediate ETF in the third quarter valued at approximately $141,000. Wealth Alliance LLC acquired a new stake in shares of NYLI MacKay California Municipal Intermediate ETF during the third quarter worth $232,000. Wedmont Private Capital bought a new stake in NYLI MacKay California Municipal Intermediate ETF in the 3rd quarter valued at $249,000. Avantax Planning Partners Inc. bought a new stake in NYLI MacKay California Municipal Intermediate ETF in the 4th quarter valued at $328,000. Finally, Citadel Advisors LLC acquired a new position in NYLI MacKay California Municipal Intermediate ETF in the 3rd quarter worth $402,000.

NYLI MacKay California Municipal Intermediate ETF Stock Up 0.1%

Shares of NYLI MacKay California Municipal Intermediate ETF stock opened at $22.15 on Tuesday. NYLI MacKay California Municipal Intermediate ETF has a 12 month low of $20.60 and a 12 month high of $23.00. The business has a fifty day simple moving average of $21.93 and a 200 day simple moving average of $21.77.

NYLI MacKay California Municipal Intermediate ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, February 3rd. Investors of record on Friday, January 30th were given a $0.0579 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date was Friday, January 30th.

About NYLI 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.