NYLI MacKay Municipal Insured ETF (NYSEARCA:MMIN) Sees Large Decline in Short Interest

NYLI MacKay Municipal Insured ETF (NYSEARCA:MMIN) was the recipient of a significant drop in short interest in the month of December. As of December 15th, there was short interest totaling 33,904 shares, a drop of 25.3% from the November 30th total of 45,377 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 78,305 shares, the short-interest ratio is presently 0.4 days. Based on an average daily volume of 78,305 shares, the short-interest ratio is presently 0.4 days. Currently, 0.2% of the company’s stock are short sold.

NYLI MacKay Municipal Insured ETF Stock Down 0.5%

NYLI MacKay Municipal Insured ETF stock traded down $0.11 during trading on Tuesday, reaching $23.94. The stock had a trading volume of 57,627 shares, compared to its average volume of 114,718. NYLI MacKay Municipal Insured ETF has a 52-week low of $22.30 and a 52-week high of $24.35. The business has a 50 day moving average price of $24.01 and a 200 day moving average price of $23.57.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Millstone Evans Group LLC boosted its holdings in shares of NYLI MacKay Municipal Insured ETF by 34.0% in the third quarter. Millstone Evans Group LLC now owns 5,673 shares of the company’s stock valued at $135,000 after acquiring an additional 1,440 shares in the last quarter. Cary Street Partners Financial LLC acquired a new position in shares of NYLI MacKay Municipal Insured ETF during the 3rd quarter worth approximately $202,000. NewEdge Advisors LLC purchased a new stake in NYLI MacKay Municipal Insured ETF during the 1st quarter worth about $398,000. Finally, Flow Traders U.S. LLC purchased a new position in shares of NYLI MacKay Municipal Insured ETF during the 2nd quarter worth $1,547,000.

About NYLI MacKay Municipal Insured ETF

The IQ MacKay Municipal Insured ETF (MMIN) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed US municipal bond fund for insured, investment-grade securities of varying maturities. MMIN was launched on Oct 18, 2017 and is managed by IndexIQ.