NYLI MacKay Municipal Insured ETF (NYSEARCA:MMIN) Short Interest Update
by Kim Johansen · The Markets DailyNYLI MacKay Municipal Insured ETF (NYSEARCA:MMIN – Get Free Report) was the recipient of a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 51,536 shares, an increase of 202.9% from the May 14th total of 17,014 shares. Based on an average trading volume of 77,917 shares, the short-interest ratio is currently 0.7 days. Currently, 0.3% of the shares of the stock are short sold.
NYLI MacKay Municipal Insured ETF Trading Up 0.3%
NYLI MacKay Municipal Insured ETF stock opened at $24.11 on Friday. NYLI MacKay Municipal Insured ETF has a 12-month low of $22.77 and a 12-month high of $24.44. The business’s 50-day moving average price is $23.99 and its two-hundred day moving average price is $24.03.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Cary Street Partners Financial LLC acquired a new stake in NYLI MacKay Municipal Insured ETF in the third quarter valued at approximately $202,000. NewEdge Advisors LLC acquired a new stake in NYLI MacKay Municipal Insured ETF in the first quarter valued at approximately $398,000. Hilton Head Capital Partners LLC acquired a new stake in NYLI MacKay Municipal Insured ETF in the fourth quarter valued at approximately $1,712,000. Finally, Cornerstone Advisors Asset Management LLC boosted its position in NYLI MacKay Municipal Insured ETF by 5.2% in the first quarter. Cornerstone Advisors Asset Management LLC now owns 700,318 shares of the company’s stock valued at $16,605,000 after buying an additional 34,447 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.