NYLIM MacKay Municipal Insured ETF (NYSEARCA:MMIN) Short Interest Update

NYLIM MacKay Municipal Insured ETF (NYSEARCA:MMIN) was the target of a significant increase in short interest in September. As of September 15th, there was short interest totaling 72,472 shares, an increase of 53.4% from the August 31st total of 47,233 shares. Currently, 0.4% of the company’s shares are short sold. Based on an average daily trading volume, of 157,181 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in NYLIM MacKay Municipal Insured ETF stock. Hilton Head Capital Partners LLC purchased a new stake in NYLIM MacKay Municipal Insured ETF (NYSEARCA:MMIN) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 71,514 shares of the company’s stock, valued at approximately $1,712,000. NYLIM MacKay Municipal Insured ETF comprises 1.0% of Hilton Head Capital Partners LLC’s investment portfolio, making the stock its 23rd biggest position. Hilton Head Capital Partners LLC owned about 0.45% of NYLIM MacKay Municipal Insured ETF at the end of the most recent quarter.

NYLIM MacKay Municipal Insured ETF Price Performance

Shares of MMIN opened at $22.39 on Friday. NYLIM MacKay Municipal Insured ETF has a 1 year low of $22.13 and a 1 year high of $24.44. The company’s 50 day simple moving average is $23.30 and its 200 day simple moving average is $23.75.

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.