NYLIM MacKay Municipal Insured ETF (NYSEARCA:MMIN) Stock Short Interest Declines 57.9%

NYLIM MacKay Municipal Insured ETF (NYSEARCA:MMIN) was the target of a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 112,085 shares, a drop of 57.9% from the September 30th total of 266,077 shares. Based on an average daily volume of 373,892 shares, the short-interest ratio is presently 0.3 days. Currently, 0.5% of the company’s shares are short sold.

Institutional Investors Weigh In On NYLIM MacKay Municipal Insured ETF

Large investors have recently added to or reduced their stakes in the stock. Cornerstone Advisors Asset Management LLC increased its position in shares of NYLIM MacKay Municipal Insured ETF by 5.2% during the first quarter. Cornerstone Advisors Asset Management LLC now owns 700,318 shares of the company’s stock worth $16,605,000 after acquiring an additional 34,447 shares during the period. ACT Advisors LLC. boosted its holdings in shares of NYLIM MacKay Municipal Insured ETF by 7.0% in the third quarter. ACT Advisors LLC. now owns 594,619 shares of the company’s stock valued at $13,236,000 after purchasing an additional 39,061 shares during the period. Purus Wealth Management LLC boosted its holdings in shares of NYLIM MacKay Municipal Insured ETF by 6.4% in the third quarter. Purus Wealth Management LLC now owns 77,485 shares of the company’s stock valued at $1,725,000 after purchasing an additional 4,690 shares during the period. Lebenthal Global Advisors LLC purchased a new stake in shares of NYLIM MacKay Municipal Insured ETF in the third quarter valued at approximately $520,000. Finally, Cooper Financial Group grew its stake in NYLIM MacKay Municipal Insured ETF by 38.6% in the third quarter. Cooper Financial Group now owns 20,286 shares of the company’s stock worth $452,000 after purchasing an additional 5,645 shares in the last quarter.

NYLIM MacKay Municipal Insured ETF Trading Up 0.1%

NYSEARCA:MMIN opened at $23.10 on Friday. NYLIM MacKay Municipal Insured ETF has a twelve month low of $22.11 and a twelve month high of $24.44. The stock has a fifty day simple moving average of $22.87 and a 200-day simple moving average of $23.72.

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.