NYLIM MacKay Municipal Insured ETF (NYSEARCA:MMIN) Shares Shorted: Short Interest Up 267.1% in September

NYLIM MacKay Municipal Insured ETF (NYSEARCA:MMIN) saw a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 266,077 shares, an increase of 267.1% from the September 15th total of 72,472 shares. Based on an average daily trading volume, of 254,540 shares, the short-interest ratio is currently 1.0 days. Approximately 1.3% of the shares of the stock are short sold.

NYLIM MacKay Municipal Insured ETF Stock Performance

NYSEARCA MMIN traded up $0.04 during trading on Tuesday, hitting $22.43. 20,911 shares of the stock traded hands, compared to its average volume of 113,025. The firm has a 50-day simple moving average of $23.11 and a 200-day simple moving average of $23.68. NYLIM MacKay Municipal Insured ETF has a 12-month low of $22.11 and a 12-month high of $24.44.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in NYLIM MacKay Municipal Insured ETF stock. Cooper Financial Group lifted its holdings in NYLIM MacKay Municipal Insured ETF (NYSEARCA:MMIN) by 38.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 20,286 shares of the company’s stock after purchasing an additional 5,645 shares during the quarter. Cooper Financial Group owned 0.10% of NYLIM MacKay Municipal Insured ETF worth $452,000 at the end of the most recent quarter.

About NYLIM MacKay Municipal Insured ETF

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.