The NYLI MacKay Muni Intermediate ETF (MMIT) experienced a significant outflow of approximately $140.8 million, marking an 8.8% decrease in shares outstanding, from 65.7 million to 59.9 million, in the past week.
As of the last trade, MMIT’s share price was $24.32, situated within its 52-week range of $23.60 to $24.77. This decline in shares may influence the ETF’s underlying holdings due to the creation or destruction of units based on investor demand.
Monitoring changes in shares outstanding helps track investor activity in ETFs, highlighting notable inflows or outflows that can impact the components held within these funds.
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