NYLI MacKay High Income ETF (NYSEARCA:IQHI) Sees Significant Decrease in Short Interest

NYLI MacKay High Income ETF (NYSEARCA:IQHIGet Free Report) saw a large decrease in short interest in April. As of April 30th, there was short interest totaling 107 shares, a decrease of 90.7% from the April 15th total of 1,154 shares. Based on an average trading volume of 1,585 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

NYLI MacKay High Income ETF Stock Down 0.3%

NYLI MacKay High Income ETF stock traded down $0.07 during midday trading on Tuesday, hitting $25.90. 291 shares of the company’s stock were exchanged, compared to its average volume of 12,202. NYLI MacKay High Income ETF has a 12 month low of $25.57 and a 12 month high of $27.40. The firm has a 50-day moving average of $25.94 and a two-hundred day moving average of $26.20.

Institutional Inflows and Outflows

An institutional investor recently raised its position in NYLI MacKay High Income ETF stock. New York Life Investment Management LLC boosted its holdings in shares of NYLI MacKay High Income ETF (NYSEARCA:IQHIFree Report) by 30.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,812,841 shares of the company’s stock after acquiring an additional 656,468 shares during the period. NYLI MacKay High Income ETF comprises about 0.7% of New York Life Investment Management LLC’s portfolio, making the stock its 24th largest position. New York Life Investment Management LLC owned approximately 96.99% of NYLI MacKay High Income ETF worth $74,850,000 at the end of the most recent quarter.

NYLI MacKay High Income ETF Company Profile

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The IQ MacKay ESG High Income ETF (IQHI) is an exchange-traded fund that is based on the Bloomberg VLI High Yield index. The fund is an actively managed fund that provides broad exposure to high-yield corporate bonds of various maturities from around the world that meet environmental, social, and corporate governance criteria. IQHI was launched on Oct 25, 2022 and is managed by IndexIQ.

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