NYLI MacKay Municipal Insured ETF (NYSEARCA:MMIN) Short Interest Up 174.6% in January

NYLI MacKay Municipal Insured ETF (NYSEARCA:MMIN) was the recipient of a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 44,681 shares, an increase of 174.6% from the December 31st total of 16,274 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average trading volume of 54,183 shares, the days-to-cover ratio is presently 0.8 days. Based on an average trading volume of 54,183 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.3% of the shares of the company are sold short.

NYLI MacKay Municipal Insured ETF Price Performance

MMIN opened at $24.07 on Friday. The firm has a 50 day moving average price of $24.02 and a 200-day moving average price of $23.71. NYLI MacKay Municipal Insured ETF has a twelve month low of $22.30 and a twelve month high of $24.35.

NYLI MacKay Municipal Insured ETF Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, February 3rd. Stockholders of record on Friday, January 30th will be issued a dividend of $0.0815 per share. This represents a c) annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend is Friday, January 30th.

Institutional Trading of NYLI MacKay Municipal Insured ETF

A number of hedge funds have recently bought and sold shares of MMIN. NewEdge Advisors LLC purchased a new position in NYLI MacKay Municipal Insured ETF in the first quarter worth about $398,000. Flow Traders U.S. LLC bought a new position in shares of NYLI MacKay Municipal Insured ETF in the 2nd quarter worth approximately $1,547,000. Millstone Evans Group LLC boosted its holdings in shares of NYLI MacKay Municipal Insured ETF by 34.0% in the third quarter. Millstone Evans Group LLC now owns 5,673 shares of the company’s stock worth $135,000 after buying an additional 1,440 shares during the last quarter. Finally, Cary Street Partners Financial LLC bought a new stake in NYLI MacKay Municipal Insured ETF during the third quarter valued at approximately $202,000.

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.