NYLI MacKay Municipal Insured ETF (NYSEARCA:MMIN) Sees Large Decrease in Short Interest

by · The Markets Daily

NYLI MacKay Municipal Insured ETF (NYSEARCA:MMIN – Get Free Report) was the target of a large drop in short interest in December. As of December 15th, there was short interest totaling 33,904 shares, a drop of 25.3% from the November 30th total of 45,377 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily volume of 78,305 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily volume of 78,305 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.2% of the shares of the stock are sold short.

NYLI MacKay Municipal Insured ETF Price Performance

Shares of NYLI MacKay Municipal Insured ETF stock opened at $23.94 on Thursday. The firm’s 50-day moving average price is $24.01 and its two-hundred day moving average price is $23.57. NYLI MacKay Municipal Insured ETF has a 1-year low of $22.30 and a 1-year high of $24.35.

Hedge Funds Weigh In On NYLI MacKay Municipal Insured ETF

Institutional investors have recently bought and sold shares of the business. Flow Traders U.S. LLC bought a new stake in shares of NYLI MacKay Municipal Insured ETF during the second quarter worth $1,547,000. NewEdge Advisors LLC acquired a new position in NYLI MacKay Municipal Insured ETF during the 1st quarter worth about $398,000. Cary Street Partners Financial LLC bought a new stake in NYLI MacKay Municipal Insured ETF during the 3rd quarter worth about $202,000. Finally, Millstone Evans Group LLC increased its position in NYLI MacKay Municipal Insured ETF by 34.0% in the 3rd quarter. Millstone Evans Group LLC now owns 5,673 shares of the company’s stock valued at $135,000 after acquiring an additional 1,440 shares in the last quarter.

NYLI MacKay Municipal Insured ETF Company Profile

(Get Free Report)

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.

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