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

NYLI MacKay Municipal Insured ETF (NYSEARCA:MMIN) was the target of a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 89,302 shares, a growth of 73.3% from the May 31st total of 51,536 shares. Based on an average trading volume of 65,686 shares, the days-to-cover ratio is currently 1.4 days. Approximately 0.5% of the shares of the stock are short sold.

NYLI MacKay Municipal Insured ETF Stock Performance

MMIN opened at $24.19 on Friday. The business has a 50 day moving average price of $24.05 and a two-hundred day moving average price of $24.05. NYLI MacKay Municipal Insured ETF has a 1-year low of $22.77 and a 1-year high of $24.44.

Institutional Trading of NYLI MacKay Municipal Insured ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. NewEdge Advisors LLC bought a new position in NYLI MacKay Municipal Insured ETF during the first quarter valued at about $398,000. Hilton Head Capital Partners LLC acquired a new position in NYLI MacKay Municipal Insured ETF during the fourth quarter worth about $1,712,000. Finally, Cornerstone Advisors Asset Management LLC grew its holdings in NYLI MacKay Municipal Insured ETF by 5.2% during the first quarter. Cornerstone Advisors Asset Management LLC now owns 700,318 shares of the company’s stock worth $16,605,000 after acquiring an additional 34,447 shares during the period.

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.