Short Interest in NYLI MacKay Municipal Insured ETF (NYSEARCA:MMIN) Increases By 27.6%

NYLI MacKay Municipal Insured ETF (NYSEARCA:MMIN) was the recipient of a significant growth in short interest in the month of January. As of January 30th, there was short interest totaling 57,007 shares, a growth of 27.6% from the January 15th total of 44,681 shares. Approximately 0.4% of the shares of the company are short sold. Based on an average trading volume of 99,830 shares, the days-to-cover ratio is presently 0.6 days. Based on an average trading volume of 99,830 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.4% of the shares of the company are short sold.

NYLI MacKay Municipal Insured ETF Trading Up 0.0%

NYSEARCA MMIN traded up $0.01 on Monday, reaching $24.25. 65,230 shares of the company’s stock traded hands, compared to its average volume of 111,244. NYLI MacKay Municipal Insured ETF has a fifty-two week low of $22.30 and a fifty-two week high of $24.35. The stock has a 50 day moving average price of $24.05 and a 200-day moving average price of $23.81.

NYLI MacKay Municipal Insured ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, February 3rd. Investors of record on Friday, January 30th were issued a dividend of $0.0815 per share. This represents a c) annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend was Friday, January 30th.

Hedge Funds Weigh In On NYLI MacKay Municipal Insured ETF

A number of large investors have recently bought and sold shares of the business. Hilton Head Capital Partners LLC acquired a new position in NYLI MacKay Municipal Insured ETF during the fourth quarter worth $1,712,000. Flow Traders U.S. LLC acquired a new stake in shares of NYLI MacKay Municipal Insured ETF in the second quarter valued at approximately $1,547,000. NewEdge Advisors LLC boosted its stake in NYLI MacKay Municipal Insured ETF by 80.2% during the third quarter. NewEdge Advisors LLC now owns 33,991 shares of the company’s stock worth $809,000 after buying an additional 15,132 shares during the last quarter. Cary Street Partners Financial LLC acquired a new stake in shares of NYLI MacKay Municipal Insured ETF in the 3rd quarter worth $202,000. Finally, Millstone Evans Group LLC raised its holdings in shares of NYLI MacKay Municipal Insured ETF by 34.0% during the 3rd quarter. Millstone Evans Group LLC now owns 5,673 shares of the company’s stock worth $135,000 after acquiring an additional 1,440 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.