NYLI MacKay Municipal Insured ETF (NYSEARCA:MMIN) Short Interest Update

NYLI MacKay Municipal Insured ETF (NYSEARCA:MMIN) was the target of a large increase in short interest in July. As of July 31st, there was short interest totaling 101,550 shares, an increase of 84.7% from the July 15th total of 54,984 shares. Based on an average daily trading volume, of 86,393 shares, the short-interest ratio is presently 1.2 days. Approximately 0.5% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. NewEdge Advisors LLC acquired a new stake in shares of NYLI MacKay Municipal Insured ETF in the 1st quarter valued at $398,000. Hilton Head Capital Partners LLC bought a new position in NYLI MacKay Municipal Insured ETF during the 4th quarter valued at about $1,712,000. Finally, 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 valued at $16,605,000 after purchasing an additional 34,447 shares during the last quarter.

NYLI MacKay Municipal Insured ETF Price Performance

Shares of NYLI MacKay Municipal Insured ETF stock traded down $0.06 during midday trading on Friday, hitting $23.76. 107,203 shares of the company were exchanged, compared to its average volume of 88,847. The firm has a 50 day simple moving average of $23.97 and a 200-day simple moving average of $24.01. NYLI MacKay Municipal Insured ETF has a 52 week low of $22.96 and a 52 week high of $24.44.

NYLI MacKay Municipal Insured ETF Company Profile

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.