NYLI MacKay Municipal Insured ETF (NYSEARCA:MMIN) Sees Large Decline in Short Interest

NYLI MacKay Municipal Insured ETF (NYSEARCA:MMIN) was the target of a significant decrease in short interest during the month of December. As of December 31st, there was short interest totaling 16,274 shares, a decrease of 52.0% from the December 15th total of 33,904 shares. Based on an average daily volume of 63,043 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the shares of the company are short sold. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 63,043 shares, the short-interest ratio is currently 0.3 days.

NYLI MacKay Municipal Insured ETF Stock Performance

NYSEARCA:MMIN traded up $0.04 during trading hours on Wednesday, reaching $24.14. The stock had a trading volume of 39,534 shares, compared to its average volume of 48,148. The stock has a 50 day simple moving average of $24.00 and a 200 day simple moving average of $23.63. NYLI MacKay Municipal Insured ETF has a 12-month low of $22.30 and a 12-month high of $24.35.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Millstone Evans Group LLC lifted its stake in NYLI MacKay Municipal Insured ETF by 34.0% in the 3rd quarter. Millstone Evans Group LLC now owns 5,673 shares of the company’s stock worth $135,000 after purchasing an additional 1,440 shares in the last quarter. Cary Street Partners Financial LLC purchased a new position in shares of NYLI MacKay Municipal Insured ETF during the 3rd quarter valued at $202,000. NewEdge Advisors LLC bought a new position in shares of NYLI MacKay Municipal Insured ETF in the first quarter worth $398,000. Finally, Flow Traders U.S. LLC purchased a new stake in shares of NYLI MacKay Municipal Insured ETF in the second quarter worth $1,547,000.

About NYLI 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.