NYLI MacKay Municipal Insured ETF (NYSEARCA:MMIN – Get Free Report) was the recipient of a large drop in short interest in the month of February. As of February 13th, there was short interest totaling 45,649 shares, a drop of 19.9% from the January 29th total of 57,007 shares. Currently, 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 179,875 shares, the short-interest ratio is currently 0.3 days. Based on an average daily trading volume, of 179,875 shares, the short-interest ratio is currently 0.3 days. Currently, 0.3% of the company’s stock are sold short.
NYLI MacKay Municipal Insured ETF Stock Down 0.5%
Shares of MMIN stock traded down $0.11 during trading hours on Tuesday, hitting $24.17. 99,735 shares of the company were exchanged, compared to its average volume of 102,113. The business has a 50 day moving average of $24.13 and a two-hundred day moving average of $23.90. NYLI MacKay Municipal Insured ETF has a 52 week low of $22.30 and a 52 week high of $24.44.
NYLI MacKay Municipal Insured ETF Cuts Dividend
The company also recently declared a monthly dividend, which will be paid on Tuesday, March 3rd. Shareholders of record on Friday, February 27th will be given a dividend of $0.0733 per share. This represents a c) annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Friday, February 27th.
Hedge Funds Weigh In On NYLI MacKay Municipal Insured ETF
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.
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