NYLIM MacKay High Income ETF (NYSEARCA:IQHI) Shares Shorted: Short Interest Down 96.6% in October

NYLIM MacKay High Income ETF (NYSEARCA:IQHI) saw a large decline in short interest during the month of October. As of October 30th, there was short interest totaling 178 shares, a decline of 96.6% from the October 15th total of 5,260 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 1,358 shares, the short-interest ratio is currently 0.1 days.

NYLIM MacKay High Income ETF Trading Down 0.2%

Shares of NYLIM MacKay High Income ETF stock traded down $0.05 during trading hours on Tuesday, reaching $25.07. 165,740 shares of the company’s stock were exchanged, compared to its average volume of 9,682. NYLIM MacKay High Income ETF has a 52-week low of $24.99 and a 52-week high of $27.02. The company has a fifty day moving average of $25.30 and a 200-day moving average of $25.81.

Hedge Funds Weigh In On NYLIM MacKay High Income ETF

An institutional investor recently bought a new stake in NYLIM MacKay High Income ETF stock. New York Life Investment Management LLC purchased a new position in NYLIM MacKay High Income ETF (NYSEARCA:IQHI) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 4,247,250 shares of the company’s stock, valued at approximately $106,354,000. NYLIM MacKay High Income ETF comprises approximately 0.7% of New York Life Investment Management LLC’s holdings, making the stock its 28th largest position. New York Life Investment Management LLC owned 96.53% of NYLIM MacKay High Income ETF at the end of the most recent reporting period.

About NYLIM MacKay High Income ETF

The IQ MacKay ESG High Income ETF (IQHI) is an exchange-traded fund that is based on the Bloomberg VLI High Yield index. The fund is an actively managed fund that provides broad exposure to high-yield corporate bonds of various maturities from around the world that meet environmental, social, and corporate governance criteria. IQHI was launched on Oct 25, 2022 and is managed by IndexIQ.