MainStay MacKay DefinedTerm Municipal Opportunities Fund - MMD Stock Forecast, Price & News

MainStay MacKay DefinedTerm Municipal Opportunities Fund's stock was trading at $21.78 at the start of the year. Since then, MMD shares have decreased by 14.8% and is now trading at $18.55.
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MainStay MacKay DefinedTerm Municipal Opportunities Fund saw a drop in short interest during the month of July. As of July 15th, there was short interest totaling 18,600 shares, a drop of 38.8% from the June 30th total of 30,400 shares. Based on an average daily trading volume, of 77,800 shares, the days-to-cover ratio is currently 0.2 days.
View MainStay MacKay DefinedTerm Municipal Opportunities Fund's Short Interest.

MainStay MacKay DefinedTerm Municipal Opportunities Fund declared a monthly dividend on Wednesday, July 6th. Shareholders of record on Thursday, September 15th will be paid a dividend of $0.085 per share on Friday, September 30th. This represents a $1.02 dividend on an annualized basis and a dividend yield of 5.50%. The ex-dividend date of this dividend is Wednesday, September 14th.
Read our dividend analysis for MMD.

MainStay MacKay DefinedTerm Municipal Opportunities Fund (NYSE:MMD) pays an annual dividend of $1.02 per share and currently has a dividend yield of 0.05%.
Read our dividend analysis for MMD.

Based on aggregate information from My MarketBeat watchlists, some companies that other MainStay MacKay DefinedTerm Municipal Opportunities Fund investors own include Eaton Vance Tax-Advantaged Dividend Income Fund (EVT), Franklin Resources (BEN), AbbVie (ABBV), Preferred Apartment Communities (APTS), Algonquin Power & Utilities (AQN), BCE (BCE), Blackrock Resources & Commodities Strategy Trust (BCX), BlackRock Enhanced International Dividend Trust (BGY), Bank of Nova Scotia (BNS) and BlackRock Enhanced Global Dividend Trust (BOE).

MainStay MacKay DefinedTerm Municipal Opportunities Fund trades on the New York Stock Exchange (NYSE) under the ticker symbol "MMD."

MainStay MacKay DefinedTerm Municipal Opportunities Fund's stock is owned by many different institutional and retail investors. Top institutional shareholders include UBS Group AG (0.00%), Advisors Asset Management Inc. (0.00%), Wells Fargo & Company MN (0.00%), Northwestern Mutual Wealth Management Co. (0.00%), ProVise Management Group LLC (0.00%) and Van ECK Associates Corp (0.00%). Insiders that own company stock include Jeffrey S Phlegar, John J Lawlor, Michael Denlinger, Robert A Dimella and Yie-Hsin Hung.
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Shares of MMD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of MMD stock can currently be purchased for approximately $18.55.

MainStay MacKay DefinedTerm Municipal Opportunities Fund's mailing address is 51 Madison Ave, NEW YORK, NY 10010-1603, United States. The official website for the company is www.mainstayinvestments.com. The closed-end fund can be reached via phone at (855) 456-9683.