NYLIM MacKay Municipal Insured ETF (NYSEARCA:MMIN – Get Free Report) was the target of a significant growth in short interest in September. As of September 30th, there was short interest totaling 266,077 shares, a growth of 267.1% from the September 15th total of 72,472 shares. Approximately 1.3% of the shares of the stock are sold short. Based on an average trading volume of 254,540 shares, the short-interest ratio is currently 1.0 days.
Hedge Funds Weigh In On NYLIM MacKay Municipal Insured ETF
An institutional investor recently raised its stake in NYLIM MacKay Municipal Insured ETF stock. Cornerstone Advisors Asset Management LLC grew its position in shares of NYLIM MacKay Municipal Insured ETF (NYSEARCA:MMIN – Free Report) by 5.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 700,318 shares of the company’s stock after purchasing an additional 34,447 shares during the quarter. NYLIM MacKay Municipal Insured ETF accounts for 2.6% of Cornerstone Advisors Asset Management LLC’s portfolio, making the stock its 11th largest position. Cornerstone Advisors Asset Management LLC owned about 3.96% of NYLIM MacKay Municipal Insured ETF worth $16,605,000 at the end of the most recent quarter.
NYLIM MacKay Municipal Insured ETF Price Performance
Shares of NYSEARCA MMIN traded up $0.03 during mid-day trading on Monday, reaching $22.39. 313,322 shares of the company traded hands, compared to its average volume of 113,543. NYLIM MacKay Municipal Insured ETF has a fifty-two week low of $22.11 and a fifty-two week high of $24.44. The stock has a fifty day simple moving average of $23.13 and a 200-day simple moving average of $23.69.
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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