NYLIM MacKay Municipal Insured ETF (NYSEARCA:MMIN – Get Free Report) saw a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 47,233 shares, a decrease of 41.8% from the August 15th total of 81,184 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 83,436 shares, the short-interest ratio is currently 0.6 days.
Institutional Investors Weigh In On NYLIM MacKay Municipal Insured ETF
An institutional investor recently bought a new position in NYLIM MacKay Municipal Insured ETF stock. Hilton Head Capital Partners LLC bought a new position in NYLIM MacKay Municipal Insured ETF (NYSEARCA:MMIN – Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 71,514 shares of the company’s stock, valued at approximately $1,712,000. NYLIM MacKay Municipal Insured ETF makes up approximately 1.0% of Hilton Head Capital Partners LLC’s investment portfolio, making the stock its 23rd biggest position. Hilton Head Capital Partners LLC owned approximately 0.45% of NYLIM MacKay Municipal Insured ETF at the end of the most recent reporting period.
NYLIM MacKay Municipal Insured ETF Stock Up 0.5%
NYSEARCA MMIN traded up $0.11 during midday trading on Thursday, hitting $22.99. 358,283 shares of the company traded hands, compared to its average volume of 94,516. NYLIM MacKay Municipal Insured ETF has a 52 week low of $22.85 and a 52 week high of $24.44. The company’s 50-day simple moving average is $23.60 and its 200-day simple moving average is $23.87.
NYLIM 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.
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