NYLI MacKay Municipal Insured ETF (NYSEARCA:MMIN) Short Interest Update

NYLI MacKay Municipal Insured ETF (NYSEARCA:MMIN) was the recipient of a significant decrease in short interest in May. As of May 15th, there was short interest totaling 17,014 shares, a decrease of 86.7% from the April 30th total of 127,924 shares. Based on an average daily trading volume, of 89,842 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the shares of the stock are sold short.

NYLI MacKay Municipal Insured ETF Trading Down 0.1%

Shares of NYLI MacKay Municipal Insured ETF stock traded down $0.03 on Friday, reaching $24.02. The stock had a trading volume of 55,550 shares, compared to its average volume of 94,376. NYLI MacKay Municipal Insured ETF has a 1 year low of $22.77 and a 1 year high of $24.44. The business’s 50 day moving average is $23.93 and its two-hundred day moving average is $24.02.

Institutional Investors Weigh In On NYLI MacKay Municipal Insured ETF

A number of institutional investors and hedge funds have recently modified their holdings of MMIN. NewEdge Advisors LLC purchased a new stake in shares of NYLI MacKay Municipal Insured ETF in the first quarter worth about $398,000. Cary Street Partners Financial LLC bought a new position in shares of NYLI MacKay Municipal Insured ETF in the third quarter worth approximately $202,000. Hilton Head Capital Partners LLC bought a new position in shares of NYLI MacKay Municipal Insured ETF in the fourth quarter worth approximately $1,712,000. Finally, Cornerstone Advisors Asset Management LLC increased its position in shares of 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 worth $16,605,000 after purchasing an additional 34,447 shares during the last quarter.

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.