NYLIM MacKay Municipal Insured ETF (NYSEARCA:MMIN) Shares Shorted: Short Interest Up 53.4% in September

NYLIM MacKay Municipal Insured ETF (NYSEARCA:MMIN) was the recipient of a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 72,472 shares, a growth of 53.4% from the August 31st total of 47,233 shares. Based on an average daily volume of 157,181 shares, the short-interest ratio is presently 0.5 days. Approximately 0.4% of the shares of the stock are sold short.

Institutional Trading of NYLIM MacKay Municipal Insured ETF

An institutional investor recently bought a new stake in NYLIM MacKay Municipal Insured ETF stock. Hilton Head Capital Partners LLC acquired a new position in shares of NYLIM MacKay Municipal Insured ETF (NYSEARCA:MMIN) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 71,514 shares of the company’s stock, valued at approximately $1,712,000. NYLIM MacKay Municipal Insured ETF makes up 1.0% of Hilton Head Capital Partners LLC’s investment portfolio, making the stock its 23rd biggest holding. Hilton Head Capital Partners LLC owned approximately 0.45% of NYLIM MacKay Municipal Insured ETF as of its most recent filing with the SEC.

NYLIM MacKay Municipal Insured ETF Trading Down 0.2%

Shares of NYSEARCA:MMIN opened at $22.35 on Friday. The business’s fifty day moving average price is $23.27 and its two-hundred day moving average price is $23.74. NYLIM MacKay Municipal Insured ETF has a one year low of $22.13 and a one year high of $24.44.

NYLIM 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.