NYLI MacKay Municipal Insured ETF (NYSEARCA:MMIN) Short Interest Up 73.3% in June

NYLI MacKay Municipal Insured ETF (NYSEARCA:MMIN) was the recipient of a significant increase in short interest in June. As of June 15th, there was short interest totaling 89,302 shares, an increase of 73.3% from the May 31st total of 51,536 shares. Currently, 0.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 65,686 shares, the short-interest ratio is currently 1.4 days.

NYLI MacKay Municipal Insured ETF Trading Up 0.0%

Shares of NYLI MacKay Municipal Insured ETF stock traded up $0.01 on Thursday, hitting $24.18. 27,228 shares of the company were exchanged, compared to its average volume of 89,157. NYLI MacKay Municipal Insured ETF has a 1-year low of $22.77 and a 1-year high of $24.44. The company has a 50-day moving average price of $24.04 and a 200 day moving average price of $24.04.

Institutional Trading of NYLI MacKay Municipal Insured ETF

Several large investors have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC acquired a new stake in shares of NYLI MacKay Municipal Insured ETF in the 1st quarter worth $398,000. Hilton Head Capital Partners LLC acquired a new stake in NYLI MacKay Municipal Insured ETF during the fourth quarter worth about $1,712,000. Finally, Cornerstone Advisors Asset Management LLC raised its stake in NYLI MacKay Municipal Insured ETF by 5.2% during the first quarter. Cornerstone Advisors Asset Management LLC now owns 700,318 shares of the company’s stock worth $16,605,000 after purchasing an additional 34,447 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.