Short Interest in NYLI MacKay Municipal Insured ETF (NYSEARCA:MMIN) Expands By 84.7%

NYLI MacKay Municipal Insured ETF (NYSEARCA:MMIN) was the target of a large growth in short interest in July. As of July 31st, there was short interest totaling 101,550 shares, a growth of 84.7% from the July 15th total of 54,984 shares. Currently, 0.5% of the shares of the stock are short sold. Based on an average trading volume of 86,393 shares, the short-interest ratio is currently 1.2 days.

NYLI MacKay Municipal Insured ETF Trading Down 0.7%

NYSEARCA MMIN opened at $23.59 on Tuesday. NYLI MacKay Municipal Insured ETF has a one year low of $22.96 and a one year high of $24.44. The stock has a 50 day moving average price of $23.97 and a 200-day moving average price of $24.01.

Institutional Investors Weigh In On NYLI MacKay Municipal Insured ETF

A number of hedge funds have recently bought and sold shares of the business. Cornerstone Advisors Asset Management LLC grew its stake in shares of NYLI MacKay Municipal Insured ETF by 5.2% in the 1st quarter. Cornerstone Advisors Asset Management LLC now owns 700,318 shares of the company’s stock worth $16,605,000 after buying an additional 34,447 shares in the last quarter. Hilton Head Capital Partners LLC purchased a new stake in shares of NYLI MacKay Municipal Insured ETF during the 4th quarter valued at about $1,712,000. Finally, NewEdge Advisors LLC raised its position in shares of NYLI MacKay Municipal Insured ETF by 80.2% during the 3rd quarter. NewEdge Advisors LLC now owns 33,991 shares of the company’s stock valued at $809,000 after buying an additional 15,132 shares in the last quarter.

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.