NYLI MacKay Municipal Insured ETF (NYSEARCA:MMIN) Short Interest Down 86.7% in May

NYLI MacKay Municipal Insured ETF (NYSEARCA:MMIN) saw a significant decline in short interest in May. As of May 15th, there was short interest totaling 17,014 shares, a decline of 86.7% from the April 30th total of 127,924 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 89,842 shares, the short-interest ratio is presently 0.2 days.

NYLI MacKay Municipal Insured ETF Price Performance

NYSEARCA MMIN traded up $0.04 on Thursday, hitting $24.04. 55,813 shares of the company traded hands, compared to its average volume of 94,483. The business’s 50 day moving average price is $23.93 and its 200-day moving average price is $24.02. NYLI MacKay Municipal Insured ETF has a 52-week low of $22.77 and a 52-week high of $24.44.

Hedge Funds Weigh In On NYLI MacKay Municipal Insured ETF

Large investors have recently made changes to their positions in the business. Cornerstone Advisors Asset Management LLC lifted its position in shares of NYLI MacKay Municipal Insured ETF by 5.2% in the first quarter. Cornerstone Advisors Asset Management LLC now owns 700,318 shares of the company’s stock valued at $16,605,000 after acquiring an additional 34,447 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in NYLI MacKay Municipal Insured ETF by 80.2% in the 3rd quarter. NewEdge Advisors LLC now owns 33,991 shares of the company’s stock worth $809,000 after purchasing an additional 15,132 shares in the last quarter. Hilton Head Capital Partners LLC purchased a new position in NYLI MacKay Municipal Insured ETF in the 4th quarter worth approximately $1,712,000. Finally, Cary Street Partners Financial LLC purchased a new position in NYLI MacKay Municipal Insured ETF in the 3rd quarter worth approximately $202,000.

NYLI 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.