NYLIM MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT – Get Free Report) was the recipient of a large decline in short interest in the month of October. As of October 30th, there was short interest totaling 11,329 shares, a decline of 92.0% from the October 15th total of 142,026 shares. Based on an average daily volume of 1,361,848 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are sold short.
NYLIM MacKay Shields Municipal Intermediate ETF Stock Up 0.2%
Shares of MMIT stock traded up $0.05 on Wednesday, reaching $23.89. 318,166 shares of the company were exchanged, compared to its average volume of 513,532. NYLIM MacKay Shields Municipal Intermediate ETF has a 1 year low of $22.77 and a 1 year high of $24.77. The business has a 50-day moving average price of $23.38 and a 200 day moving average price of $24.07.
Institutional Trading of NYLIM MacKay Shields Municipal Intermediate ETF
Several institutional investors have recently made changes to their positions in MMIT. Signature Equity Partners LLC increased its holdings in NYLIM MacKay Shields Municipal Intermediate ETF by 157.3% in the 3rd quarter. Signature Equity Partners LLC now owns 3,855 shares of the company’s stock valued at $88,000 after purchasing an additional 2,357 shares during the last quarter. Western Wealth Management LLC purchased a new position in shares of NYLIM MacKay Shields Municipal Intermediate ETF during the first quarter worth $180,000. Gateway Wealth Partners LLC purchased a new position in shares of NYLIM MacKay Shields Municipal Intermediate ETF during the first quarter worth $227,000. MBM Wealth Consultants LLC acquired a new stake in shares of NYLIM MacKay Shields Municipal Intermediate ETF in the third quarter valued at $227,000. Finally, Cornerstone Wealth Management LLC acquired a new stake in shares of NYLIM MacKay Shields Municipal Intermediate ETF in the third quarter valued at $236,000.
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.
Further Reading
- Five stocks we like better than NYLIM MacKay Shields Municipal Intermediate ETF
- AST SpaceMobile Has a New Rocket Plan, But Its Cash-Burn Problem Isn’t Going Away
- Powering Up the Moon: Redwire’s $40 Million NASA Award
- Can Constellation Energy’s Contracts Power a Stock Rebound?
- Why Apple Stock Looks Like a Safe Haven After the Midterms
Receive News & Ratings for NYLIM MacKay Shields Municipal Intermediate ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NYLIM MacKay Shields Municipal Intermediate ETF and related companies with MarketBeat.com's FREE daily email newsletter.
