NYLIM MacKay Municipal Insured ETF (NYSEARCA:MMIN) Shares Shorted: Short Interest Down 57.9% in October

NYLIM MacKay Municipal Insured ETF (NYSEARCA:MMIN) was the recipient of a large decrease in short interest in the month of October. As of October 15th, there was short interest totaling 112,085 shares, a decrease of 57.9% from the September 30th total of 266,077 shares. Currently, 0.5% of the shares of the company are sold short. Based on an average daily volume of 373,892 shares, the days-to-cover ratio is currently 0.3 days.

NYLIM MacKay Municipal Insured ETF Price Performance

MMIN traded up $0.02 during trading on Friday, hitting $23.10. 373,570 shares of the company traded hands, compared to its average volume of 147,113. The stock’s fifty day moving average is $22.87 and its 200 day moving average is $23.72. NYLIM MacKay Municipal Insured ETF has a one year low of $22.11 and a one year high of $24.44.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of MMIN. Lebenthal Global Advisors LLC purchased a new stake in NYLIM MacKay Municipal Insured ETF in the third quarter worth $520,000. Lakeshore Capital Group Inc. purchased a new position in shares of NYLIM MacKay Municipal Insured ETF during the 3rd quarter valued at $358,000. ACT Advisors LLC. lifted its position in shares of NYLIM MacKay Municipal Insured ETF by 7.0% during the 3rd quarter. ACT Advisors LLC. now owns 594,619 shares of the company’s stock valued at $13,236,000 after buying an additional 39,061 shares during the last quarter. Purus Wealth Management LLC grew its stake in shares of NYLIM MacKay Municipal Insured ETF by 6.4% during the 3rd quarter. Purus Wealth Management LLC now owns 77,485 shares of the company’s stock worth $1,725,000 after acquiring an additional 4,690 shares during the period. Finally, Cooper Financial Group grew its stake in shares of NYLIM MacKay Municipal Insured ETF by 38.6% during the 3rd quarter. Cooper Financial Group now owns 20,286 shares of the company’s stock worth $452,000 after acquiring an additional 5,645 shares during the period.

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.