NYLIM MacKay Municipal Insured ETF (NYSEARCA:MMIN) Sees Significant Decrease in Short Interest

NYLIM MacKay Municipal Insured ETF (NYSEARCA:MMIN) was the target of a significant decline in short interest in October. As of October 15th, there was short interest totaling 112,085 shares, a decline of 57.9% from the September 30th total of 266,077 shares. Based on an average daily volume of 373,892 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.5% of the shares of the company are short sold.

Institutional Trading of NYLIM MacKay Municipal Insured ETF

A number of institutional investors have recently made changes to their positions in the stock. Lakeshore Capital Group Inc. bought a new position in shares of NYLIM MacKay Municipal Insured ETF in the third quarter valued at approximately $358,000. Cooper Financial Group raised its holdings in NYLIM MacKay Municipal Insured ETF by 38.6% during the third quarter. Cooper Financial Group now owns 20,286 shares of the company’s stock worth $452,000 after purchasing an additional 5,645 shares in the last quarter. Lebenthal Global Advisors LLC bought a new stake in NYLIM MacKay Municipal Insured ETF during the third quarter worth approximately $520,000. Purus Wealth Management LLC raised its holdings in NYLIM MacKay Municipal Insured ETF by 6.4% during the third quarter. Purus Wealth Management LLC now owns 77,485 shares of the company’s stock worth $1,725,000 after purchasing an additional 4,690 shares in the last quarter. Finally, ACT Advisors LLC. lifted its position in NYLIM MacKay Municipal Insured ETF by 7.0% in the third quarter. ACT Advisors LLC. now owns 594,619 shares of the company’s stock worth $13,236,000 after purchasing an additional 39,061 shares during the period.

NYLIM MacKay Municipal Insured ETF Stock Performance

MMIN stock traded up $0.02 during trading on Friday, hitting $23.10. The company had a trading volume of 373,570 shares, compared to its average volume of 147,113. The business has a 50 day moving average of $22.88 and a 200 day moving average of $23.73. NYLIM MacKay Municipal Insured ETF has a fifty-two week low of $22.11 and a fifty-two week high of $24.44.

About NYLIM 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.