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

NYLI MacKay Municipal Insured ETF (NYSEARCA:MMIN) was the recipient of a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 51,536 shares, a growth of 202.9% from the May 14th total of 17,014 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average daily trading volume, of 77,917 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. NewEdge Advisors LLC purchased a new position in shares of NYLI MacKay Municipal Insured ETF in the 1st quarter valued at approximately $398,000. Cary Street Partners Financial LLC purchased a new position in shares of NYLI MacKay Municipal Insured ETF in the 3rd quarter valued at approximately $202,000. Hilton Head Capital Partners LLC purchased a new position in shares of NYLI MacKay Municipal Insured ETF in the 4th quarter valued at approximately $1,712,000. Finally, Cornerstone Advisors Asset Management LLC grew its stake in shares of NYLI MacKay Municipal Insured ETF by 5.2% in the 1st quarter. Cornerstone Advisors Asset Management LLC now owns 700,318 shares of the company’s stock valued at $16,605,000 after purchasing an additional 34,447 shares during the last quarter.

NYLI MacKay Municipal Insured ETF Stock Performance

NYSEARCA:MMIN opened at $24.06 on Friday. The stock’s 50 day moving average price is $24.00 and its 200 day moving average price is $24.03. NYLI MacKay Municipal Insured ETF has a 52-week low of $22.77 and a 52-week high of $24.44.

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.