Short Interest in NYLI MacKay Municipal Insured ETF (NYSEARCA:MMIN) Expands By 84.7%

NYLI MacKay Municipal Insured ETF (NYSEARCA:MMIN) saw a significant increase in short interest in July. As of July 31st, there was short interest totaling 101,550 shares, an increase of 84.7% from the July 15th total of 54,984 shares. Currently, 0.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 86,393 shares, the short-interest ratio is currently 1.2 days.

NYLI MacKay Municipal Insured ETF Stock Performance

Shares of NYSEARCA:MMIN traded down $0.06 during trading on Friday, reaching $23.76. The stock had a trading volume of 107,203 shares, compared to its average volume of 88,847. NYLI MacKay Municipal Insured ETF has a 52 week low of $22.96 and a 52 week high of $24.44. The business’s 50-day moving average price is $23.97 and its 200 day moving average price is $24.01.

Hedge Funds Weigh In On NYLI MacKay Municipal Insured ETF

Several institutional investors have recently bought and sold shares of the business. NewEdge Advisors LLC acquired a new position in NYLI MacKay Municipal Insured ETF in the first quarter worth $398,000. Hilton Head Capital Partners LLC acquired a new stake in shares of NYLI MacKay Municipal Insured ETF in the fourth quarter valued at $1,712,000. Finally, Cornerstone Advisors Asset Management LLC increased its stake 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.

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.