NYLI MacKay Municipal Insured ETF (NYSEARCA:MMIN – Get Free Report) was the recipient of a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 51,536 shares, an increase of 202.9% from the May 14th total of 17,014 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average trading volume of 77,917 shares, the short-interest ratio is presently 0.7 days.
NYLI MacKay Municipal Insured ETF Stock Down 0.2%
NYLI MacKay Municipal Insured ETF stock traded down $0.05 during midday trading on Friday, hitting $24.06. 60,595 shares of the company were exchanged, compared to its average volume of 92,067. NYLI MacKay Municipal Insured ETF has a fifty-two week low of $22.77 and a fifty-two week high of $24.44. The business has a fifty day simple moving average of $24.00 and a two-hundred day simple moving average of $24.03.
Institutional Trading of NYLI MacKay Municipal Insured ETF
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Cornerstone Advisors Asset Management LLC grew its holdings 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 acquiring an additional 34,447 shares during the period. Hilton Head Capital Partners LLC acquired a new stake in NYLI MacKay Municipal Insured ETF during the fourth quarter worth about $1,712,000. NewEdge Advisors LLC grew its holdings 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 acquiring an additional 15,132 shares during the period. Finally, Cary Street Partners Financial LLC acquired a new stake in NYLI MacKay Municipal Insured ETF in the third quarter valued at approximately $202,000.
About NYLI 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.
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