Short Interest in NYLI MacKay Municipal Insured ETF (NYSEARCA:MMIN) Drops By 36.6%

NYLI MacKay Municipal Insured ETF (NYSEARCA:MMINGet Free Report) was the target of a significant decrease in short interest in July. As of July 15th, there was short interest totaling 54,984 shares, a decrease of 36.6% from the June 30th total of 86,745 shares. Based on an average trading volume of 72,119 shares, the short-interest ratio is presently 0.8 days. Currently, 0.3% of the shares of the company are short sold.

NYLI MacKay Municipal Insured ETF Price Performance

NYSEARCA:MMIN traded down $0.02 during mid-day trading on Thursday, reaching $23.73. 89,599 shares of the company’s stock were exchanged, compared to its average volume of 88,079. NYLI MacKay Municipal Insured ETF has a one year low of $22.94 and a one year high of $24.44. The business’s fifty day simple moving average is $24.03 and its two-hundred day simple moving average is $24.04.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Cornerstone Advisors Asset Management LLC raised its position in shares of NYLI MacKay Municipal Insured ETF by 5.2% in the first quarter. Cornerstone Advisors Asset Management LLC now owns 700,318 shares of the company’s stock valued at $16,605,000 after buying an additional 34,447 shares in the last quarter. Hilton Head Capital Partners LLC acquired a new stake in NYLI MacKay Municipal Insured ETF during the fourth quarter worth approximately $1,712,000. Finally, NewEdge Advisors LLC grew its position 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 buying an additional 15,132 shares in the last quarter.

NYLI MacKay Municipal Insured ETF Company Profile

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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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