What’s in Mainstay Definedterm Municipal O (NYSE:MMD) After Rise in Shorted Shares?

July 17, 2017 - By Peter Erickson

 What’s in Mainstay Definedterm Municipal O (NYSE:MMD) After Rise in Shorted Shares?

Investors sentiment decreased to 1.33 in 2016 Q4. Its down 0.56, from 1.89 in 2016Q3. It turned negative, as 2 investors sold Mainstay Definedterm Municipal Opptys Fd shares while 10 reduced holdings. 4 funds opened positions while 12 raised stakes. 3.31 million shares or 4.77% more from 3.16 million shares in 2016Q3 were reported.
Summit Financial Wealth Advisors has 0.19% invested in Mainstay Definedterm Municipal Opptys Fd (NYSE:MMD) for 23,850 shares. 18,498 are held by Kcg Hldgs. Advsr Asset Mngmt reported 0.08% in Mainstay Definedterm Municipal Opptys Fd (NYSE:MMD). Ontario – Canada-based Royal Commercial Bank Of Canada has invested 0% in Mainstay Definedterm Municipal Opptys Fd (NYSE:MMD). Morgan Stanley accumulated 0% or 484,116 shares. State Bank Of America Corp De stated it has 828,787 shares or 0% of all its holdings. Usca Ria Ltd Liability Company owns 51,249 shares. Pnc Financial Service has 3,000 shares for 0% of their portfolio. 23,003 were reported by Janney Montgomery Scott Ltd. Regal Ltd Liability stated it has 17,895 shares or 0.09% of all its holdings. Raymond James Associates stated it has 0.02% in Mainstay Definedterm Municipal Opptys Fd (NYSE:MMD). Moreover, Blackrock Mngmt Limited Liability Corporation has 0% invested in Mainstay Definedterm Municipal Opptys Fd (NYSE:MMD). Raymond James Fincl Ser invested in 0.02% or 152,590 shares. Botty Invsts Ltd owns 41,043 shares. Wells Fargo Mn invested in 0% or 116,405 shares.

The stock of Mainstay Definedterm Municipal O (NYSE:MMD) registered an increase of 34.22% in short interest. MMD’s total short interest was 25,100 shares in July as published by FINRA. Its up 34.22% from 18,700 shares, reported previously. With 48,400 shares average volume, it will take short sellers 1 days to cover their MMD’s short positions.

It closed at $19.97 lastly. It is down 0.25% since July 17, 2016 and is downtrending. It has underperformed by 16.95% the S&P500.

Mainstay Definedterm Municipal Opportunities Fund is a diversified, closed-end management investment company. The company has market cap of $550.26 million. The Fund’s primary investment objective is to seek current income exempt from regular the United States Federal income taxes (but which may be includable in taxable income for purpose of the Federal alternative minimum tax). It currently has negative earnings. The Fund’s secondary objective is total return.

More recent Mainstay Definedterm Municipal Opptys Fd (NYSE:MMD) news were published by: Prnewswire.com which released: “MainStay DefinedTerm Municipal Opportunities Fund Appoints Yie-Hsin Hung To …” on January 03, 2017. Also Businesswire.com published the news titled: “MainStay DefinedTerm Municipal Opportunities Fund Declares Monthly Dividend …” on April 01, 2016. Prnewswire.com‘s news article titled: “Mainstay Definedterm Municipal Opportunities Fund Declares Monthly Dividend …” with publication date: July 03, 2017 was also an interesting one.

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