NYLI MacKay Municipal Insured ETF (NYSEARCA:MMIN) Short Interest Update

NYLI MacKay Municipal Insured ETF (NYSEARCA:MMIN) was the recipient of a significant growth in short interest in January. As of January 30th, there was short interest totaling 57,007 shares, a growth of 27.6% from the January 15th total of 44,681 shares. Based on an average daily volume of 99,830 shares, the short-interest ratio is currently 0.6 days. Approximately 0.4% of the company’s stock are short sold. Approximately 0.4% of the company’s stock are short sold. Based on an average daily volume of 99,830 shares, the short-interest ratio is currently 0.6 days.

Institutional Investors Weigh In On NYLI MacKay Municipal Insured ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Millstone Evans Group LLC lifted its holdings in shares of NYLI MacKay Municipal Insured ETF by 34.0% during the 3rd quarter. Millstone Evans Group LLC now owns 5,673 shares of the company’s stock valued at $135,000 after buying an additional 1,440 shares during the last quarter. Cary Street Partners Financial LLC acquired a new stake in NYLI MacKay Municipal Insured ETF in the third quarter valued at approximately $202,000. NewEdge Advisors LLC bought a new stake in NYLI MacKay Municipal Insured ETF in the first quarter worth approximately $398,000. Flow Traders U.S. LLC acquired a new position in shares of NYLI MacKay Municipal Insured ETF during the 2nd quarter worth $1,547,000. Finally, Hilton Head Capital Partners LLC bought a new position in shares of NYLI MacKay Municipal Insured ETF during the 4th quarter valued at $1,712,000.

NYLI MacKay Municipal Insured ETF Stock Up 0.1%

MMIN stock traded up $0.02 during midday trading on Tuesday, reaching $24.27. The company had a trading volume of 115,109 shares, compared to its average volume of 111,245. The company has a 50 day moving average of $24.05 and a two-hundred day moving average of $23.81. NYLI MacKay Municipal Insured ETF has a 1 year low of $22.30 and a 1 year high of $24.35.

NYLI MacKay Municipal Insured ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, February 3rd. Investors of record on Friday, January 30th were given a dividend of $0.0815 per share. The ex-dividend date of this dividend was Friday, January 30th. This represents a c) dividend on an annualized basis and a yield of 4.0%.

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.