MainStay MacKay DefinedTerm Municipal Opportunities Fund (NYSE:MMD) Short Interest Update

MainStay MacKay DefinedTerm Municipal Opportunities Fund (NYSE:MMD) saw a significant decrease in short interest during the month of December. As of December 15th, there was short interest totalling 200 shares, a decrease of 98.8% from the November 30th total of 17,300 shares. Based on an average daily volume of 138,400 shares, the short-interest ratio is presently 0.0 days.

MainStay MacKay DefinedTerm Municipal Opportunities Fund Stock Up 0.1 %

Shares of NYSE MMD traded up $0.02 during midday trading on Thursday, reaching $14.89. The company’s stock had a trading volume of 256,378 shares, compared to its average volume of 81,667. The company has a 50 day moving average price of $16.09 and a 200 day moving average price of $16.47. MainStay MacKay DefinedTerm Municipal Opportunities Fund has a one year low of $14.53 and a one year high of $17.00.

MainStay MacKay DefinedTerm Municipal Opportunities Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be issued a $0.06 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 4.84%. The ex-dividend date of this dividend is Monday, December 16th.

Insider Buying and Selling at MainStay MacKay DefinedTerm Municipal Opportunities Fund

In other news, Portfolio Manager John J. Lawlor acquired 2,500 shares of MainStay MacKay DefinedTerm Municipal Opportunities Fund stock in a transaction dated Wednesday, November 20th. The shares were acquired at an average cost of $15.79 per share, with a total value of $39,475.00. Following the purchase, the portfolio manager now directly owns 2,500 shares of the company’s stock, valued at approximately $39,475. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Hedge Funds Weigh In On MainStay MacKay DefinedTerm Municipal Opportunities Fund

Institutional investors have recently made changes to their positions in the business. Future Financial Wealth Managment LLC acquired a new position in shares of MainStay MacKay DefinedTerm Municipal Opportunities Fund during the third quarter valued at $84,000. Wolverine Asset Management LLC bought a new position in shares of MainStay MacKay DefinedTerm Municipal Opportunities Fund in the 3rd quarter valued at about $112,000. Cyndeo Wealth Partners LLC acquired a new stake in MainStay MacKay DefinedTerm Municipal Opportunities Fund during the 3rd quarter valued at $283,000. Stifel Financial Corp grew its position in shares of MainStay MacKay DefinedTerm Municipal Opportunities Fund by 9.3% in the third quarter. Stifel Financial Corp now owns 48,556 shares of the closed-end fund’s stock valued at $819,000 after purchasing an additional 4,130 shares during the last quarter. Finally, Granite Bay Wealth Management LLC acquired a new position in shares of MainStay MacKay DefinedTerm Municipal Opportunities Fund in the second quarter valued at about $953,000.

About MainStay MacKay DefinedTerm Municipal Opportunities Fund

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.