NYLI MacKay Municipal Insured ETF (NYSEARCA:MMIN – Get Free Report) was the target of a large decrease in short interest during the month of July. As of July 15th, there was short interest totaling 54,984 shares, a decrease of 36.6% from the June 30th total of 86,745 shares. Based on an average daily trading volume, of 72,119 shares, the short-interest ratio is currently 0.8 days. Currently, 0.3% of the shares of the company are sold short.
NYLI MacKay Municipal Insured ETF Stock Down 0.1%
NYLI MacKay Municipal Insured ETF stock traded down $0.02 during trading hours on Thursday, hitting $23.73. The company had a trading volume of 89,599 shares, compared to its average volume of 88,079. NYLI MacKay Municipal Insured ETF has a one year low of $22.94 and a one year high of $24.44. The firm has a 50-day moving average of $24.03 and a 200 day moving average of $24.04.
Hedge Funds Weigh In On NYLI MacKay Municipal Insured ETF
Large investors have recently made changes to their positions in the company. Cornerstone Advisors Asset Management LLC lifted its holdings in NYLI MacKay Municipal Insured ETF by 5.2% during the 1st quarter. Cornerstone Advisors Asset Management LLC now owns 700,318 shares of the company’s stock worth $16,605,000 after purchasing an additional 34,447 shares during the last quarter. Hilton Head Capital Partners LLC acquired a new position in NYLI MacKay Municipal Insured ETF in the 4th quarter valued at $1,712,000. Finally, NewEdge Advisors LLC grew its holdings in NYLI MacKay Municipal Insured ETF by 80.2% in the 3rd quarter. NewEdge Advisors LLC now owns 33,991 shares of the company’s stock valued at $809,000 after buying an additional 15,132 shares in the last quarter.
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.
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