NYLI MacKay Municipal Insured ETF (NYSEARCA:MMIN – Get Free Report) saw a significant decline in short interest in July. As of July 15th, there was short interest totaling 54,984 shares, a decline of 36.6% from the June 30th total of 86,745 shares. Based on an average daily volume of 72,119 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.3% of the company’s stock are sold short.
Institutional Trading of NYLI MacKay Municipal Insured ETF
A number of hedge funds and other institutional investors have recently modified their holdings of MMIN. Cornerstone Advisors Asset Management LLC lifted its position in NYLI MacKay Municipal Insured ETF by 5.2% during the 1st quarter. Cornerstone Advisors Asset Management LLC now owns 700,318 shares of the company’s stock valued at $16,605,000 after acquiring an additional 34,447 shares during the period. Hilton Head Capital Partners LLC purchased a new stake in NYLI MacKay Municipal Insured ETF in the fourth quarter worth about $1,712,000. Finally, NewEdge Advisors LLC grew its holdings in NYLI MacKay Municipal Insured ETF by 80.2% in the third quarter. NewEdge Advisors LLC now owns 33,991 shares of the company’s stock worth $809,000 after purchasing an additional 15,132 shares during the period.
NYLI MacKay Municipal Insured ETF Price Performance
MMIN stock traded down $0.10 during midday trading on Friday, hitting $23.63. The stock had a trading volume of 100,351 shares, compared to its average volume of 88,163. The business has a 50-day moving average of $24.03 and a two-hundred day moving average of $24.04. NYLI MacKay Municipal Insured ETF has a 52-week low of $22.94 and a 52-week high of $24.44.
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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