Short Interest in NYLI MacKay Municipal Insured ETF (NYSEARCA:MMIN) Drops By 83.0%
by Doug Wharley · The Cerbat GemNYLI MacKay Municipal Insured ETF (NYSEARCA:MMIN – Get Free Report) was the recipient of a large drop in short interest during the month of April. As of April 15th, there was short interest totaling 9,160 shares, a drop of 83.0% from the March 31st total of 53,751 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 66,268 shares, the short-interest ratio is currently 0.1 days.
NYLI MacKay Municipal Insured ETF Stock Up 0.0%
MMIN stock traded up $0.01 during midday trading on Friday, hitting $24.11. The company’s stock had a trading volume of 31,347 shares, compared to its average volume of 97,884. The stock’s 50-day moving average price is $24.04 and its 200 day moving average price is $24.03. NYLI MacKay Municipal Insured ETF has a 1 year low of $22.77 and a 1 year high of $24.44.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the business. Millstone Evans Group LLC increased its holdings 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 buying an additional 1,440 shares during the last quarter. Cary Street Partners Financial LLC purchased a new stake in NYLI MacKay Municipal Insured ETF during the third quarter worth about $202,000. NewEdge Advisors LLC purchased a new stake in NYLI MacKay Municipal Insured ETF during the first quarter worth about $398,000. Finally, Hilton Head Capital Partners LLC purchased a new stake in NYLI MacKay Municipal Insured ETF during the fourth quarter worth about $1,712,000.
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.