NYLIM MacKay Municipal Insured ETF (NYSEARCA:MMIN) Stock Short Interest Report for September

NYLIM MacKay Municipal Insured ETF (NYSEARCA:MMIN) was the target of a significant increase in short interest in September. As of September 30th, there was short interest totaling 266,077 shares, an increase of 267.1% from the September 15th total of 72,472 shares. Currently, 1.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 254,540 shares, the days-to-cover ratio is currently 1.0 days.

Hedge Funds Weigh In On NYLIM MacKay Municipal Insured ETF

An institutional investor recently raised its position in NYLIM MacKay Municipal Insured ETF stock. Cornerstone Advisors Asset Management LLC increased its position in NYLIM MacKay Municipal Insured ETF (NYSEARCA:MMIN) by 5.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 700,318 shares of the company’s stock after purchasing an additional 34,447 shares during the period. NYLIM MacKay Municipal Insured ETF makes up approximately 2.6% of Cornerstone Advisors Asset Management LLC’s holdings, making the stock its 11th biggest position. Cornerstone Advisors Asset Management LLC owned 3.96% of NYLIM MacKay Municipal Insured ETF worth $16,605,000 at the end of the most recent reporting period.

NYLIM MacKay Municipal Insured ETF Stock Performance

Shares of NYSEARCA:MMIN traded up $0.09 during trading on Friday, reaching $22.36. 197,474 shares of the company traded hands, compared to its average volume of 112,514. NYLIM MacKay Municipal Insured ETF has a 52-week low of $22.11 and a 52-week high of $24.44. The business’s fifty day moving average is $23.13 and its 200-day moving average is $23.69.

About NYLIM 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.