NYLIM MacKay High Income ETF (NYSEARCA:IQHI) Sees Large Decrease in Short Interest

NYLIM MacKay High Income ETF (NYSEARCA:IQHI) was the target of a significant decrease in short interest in October. As of October 30th, there was short interest totaling 178 shares, a decrease of 96.6% from the October 15th total of 5,260 shares. Based on an average trading volume of 1,358 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are short sold.

NYLIM MacKay High Income ETF Price Performance

NYSEARCA:IQHI traded down $0.14 during mid-day trading on Thursday, reaching $24.95. 3,420 shares of the company’s stock were exchanged, compared to its average volume of 9,609. NYLIM MacKay High Income ETF has a one year low of $24.91 and a one year high of $27.02. The business’s fifty day simple moving average is $25.27 and its two-hundred day simple moving average is $25.79.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in NYLIM MacKay High Income ETF stock. New York Life Investment Management LLC purchased a new stake in NYLIM MacKay High Income ETF (NYSEARCA:IQHI) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 4,247,250 shares of the company’s stock, valued at approximately $106,354,000. NYLIM MacKay High Income ETF makes up 0.7% of New York Life Investment Management LLC’s holdings, making the stock its 28th largest position. New York Life Investment Management LLC owned 96.53% of NYLIM MacKay High Income ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

NYLIM MacKay High Income ETF Company Profile

The IQ MacKay ESG High Income ETF (IQHI) is an exchange-traded fund that is based on the Bloomberg VLI High Yield index. The fund is an actively managed fund that provides broad exposure to high-yield corporate bonds of various maturities from around the world that meet environmental, social, and corporate governance criteria. IQHI was launched on Oct 25, 2022 and is managed by IndexIQ.