NYLI MacKay Municipal Insured ETF (NYSEARCA:MMIN – Get Free Report) saw a large increase in short interest in the month of January. As of January 15th, there was short interest totaling 44,681 shares, an increase of 174.6% from the December 31st total of 16,274 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average daily trading volume, of 54,183 shares, the short-interest ratio is currently 0.8 days. Based on an average daily trading volume, of 54,183 shares, the short-interest ratio is currently 0.8 days. Approximately 0.3% of the shares of the company are short sold.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the stock. Millstone Evans Group LLC lifted its stake in shares of NYLI MacKay Municipal Insured ETF by 34.0% in the third quarter. Millstone Evans Group LLC now owns 5,673 shares of the company’s stock valued at $135,000 after buying an additional 1,440 shares during the period. Cary Street Partners Financial LLC acquired a new position in NYLI MacKay Municipal Insured ETF in the 3rd quarter valued at approximately $202,000. NewEdge Advisors LLC bought a new stake in shares of NYLI MacKay Municipal Insured ETF in the 1st quarter worth approximately $398,000. Finally, Flow Traders U.S. LLC bought a new stake in shares of NYLI MacKay Municipal Insured ETF in the 2nd quarter worth approximately $1,547,000.
NYLI MacKay Municipal Insured ETF Price Performance
MMIN opened at $24.11 on Thursday. The business has a 50 day moving average of $24.01 and a 200-day moving average of $23.70. NYLI MacKay Municipal Insured ETF has a 1-year low of $22.30 and a 1-year high of $24.35.
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.
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