NYLIM MacKay Municipal Insured ETF (NYSEARCA:MMIN – Get Free Report) was the recipient of a large drop in short interest in August. As of August 31st, there was short interest totaling 47,233 shares, a drop of 41.8% from the August 15th total of 81,184 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 83,436 shares, the days-to-cover ratio is currently 0.6 days.
Institutional Inflows and Outflows
An institutional investor recently raised its position in NYLIM MacKay Municipal Insured ETF stock. Cornerstone Advisors Asset Management LLC boosted its position in shares of NYLIM MacKay Municipal Insured ETF (NYSEARCA:MMIN – Free Report) by 5.2% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 700,318 shares of the company’s stock after buying an additional 34,447 shares during the quarter. NYLIM MacKay Municipal Insured ETF makes up about 2.6% of Cornerstone Advisors Asset Management LLC’s holdings, making the stock its 11th biggest holding. Cornerstone Advisors Asset Management LLC owned about 3.96% of NYLIM MacKay Municipal Insured ETF worth $16,605,000 at the end of the most recent reporting period.
NYLIM MacKay Municipal Insured ETF Price Performance
Shares of MMIN stock traded up $0.02 on Wednesday, hitting $22.88. 205,634 shares of the company’s stock traded hands, compared to its average volume of 93,026. The company’s fifty day simple moving average is $23.62 and its 200 day simple moving average is $23.88. NYLIM MacKay Municipal Insured ETF has a one year low of $22.85 and a one year high of $24.44.
NYLIM 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.
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