NYLIM MacKay High Income ETF (NYSEARCA:IQHI) Shares Shorted: Short Interest Down 96.6% in October

NYLIM MacKay High Income ETF (NYSEARCA:IQHI) was the target of a large drop in short interest in the month of October. As of October 30th, there was short interest totaling 178 shares, a drop of 96.6% from the October 15th total of 5,260 shares. Based on an average trading volume of 1,358 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are short sold.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in NYLIM MacKay High Income ETF stock. New York Life Investment Management LLC bought a new stake in shares of NYLIM MacKay High Income ETF (NYSEARCA:IQHI) during the 3rd quarter, according to its most recent filing with the SEC. The firm bought 4,247,250 shares of the company’s stock, valued at approximately $106,354,000. NYLIM MacKay High Income ETF accounts for 0.7% of New York Life Investment Management LLC’s holdings, making the stock its 28th biggest position. New York Life Investment Management LLC owned 96.53% of NYLIM MacKay High Income ETF as of its most recent filing with the SEC.

NYLIM MacKay High Income ETF Stock Down 0.2%

NYLIM MacKay High Income ETF stock traded down $0.05 during trading on Tuesday, reaching $25.07. 165,740 shares of the company’s stock were exchanged, compared to its average volume of 9,682. The company’s 50-day moving average is $25.30 and its two-hundred day moving average is $25.81. NYLIM MacKay High Income ETF has a 52-week low of $24.99 and a 52-week high of $27.02.

About NYLIM MacKay High Income ETF

The IQ MacKay ESG High Income ETF (IQHI) is an exchange-traded fund that is based on the Bloomberg VLI High Yield index. The fund is an actively managed fund that provides broad exposure to high-yield corporate bonds of various maturities from around the world that meet environmental, social, and corporate governance criteria. IQHI was launched on Oct 25, 2022 and is managed by IndexIQ.