NYLI MacKay Municipal Insured ETF (NYSEARCA:MMIN) Sees Significant Growth in Short Interest
by Jessica Moore · The Cerbat GemNYLI MacKay Municipal Insured ETF (NYSEARCA:MMIN – Get Free Report) saw a large increase in short interest in the month of March. As of March 31st, there was short interest totaling 53,751 shares, an increase of 179.8% from the March 15th total of 19,209 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average trading volume of 78,191 shares, the short-interest ratio is presently 0.7 days.
NYLI MacKay Municipal Insured ETF Stock Up 0.2%
Shares of MMIN stock traded up $0.05 during mid-day trading on Monday, hitting $24.04. 19,980 shares of the stock traded hands, compared to its average volume of 88,463. NYLI MacKay Municipal Insured ETF has a twelve month low of $22.75 and a twelve month high of $24.44. The company’s 50-day simple moving average is $24.05 and its 200-day simple moving average is $24.01.
NYLI MacKay Municipal Insured ETF Cuts Dividend
The business also recently declared a monthly dividend, which was paid on Tuesday, March 3rd. Investors of record on Friday, February 27th were paid a $0.0733 dividend. The ex-dividend date of this dividend was Friday, February 27th. This represents a c) dividend on an annualized basis and a yield of 3.7%.
Institutional Investors Weigh In On NYLI MacKay Municipal Insured ETF
Hedge funds have recently made changes to their positions in the company. Hilton Head Capital Partners LLC purchased a new position in NYLI MacKay Municipal Insured ETF during the 4th quarter worth approximately $1,712,000. NewEdge Advisors LLC lifted its stake in shares of 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 purchasing an additional 15,132 shares during the last quarter. Cary Street Partners Financial LLC bought a new stake in shares of NYLI MacKay Municipal Insured ETF during the 3rd quarter worth about $202,000. Finally, Millstone Evans Group LLC boosted its position in NYLI MacKay Municipal Insured ETF by 34.0% during the third quarter. Millstone Evans Group LLC now owns 5,673 shares of the company’s stock worth $135,000 after purchasing an additional 1,440 shares during the period.
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.