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

NYLI MacKay Municipal Insured ETF (NYSEARCA:MMINGet Free Report) was the target of a significant increase in short interest in March. As of March 31st, there was short interest totaling 53,751 shares, an increase of 179.8% from the March 15th total of 19,209 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average trading volume of 78,191 shares, the short-interest ratio is presently 0.7 days.

Hedge Funds Weigh In On NYLI MacKay Municipal Insured ETF

Institutional investors have recently modified their holdings of the business. Millstone Evans Group LLC grew 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 worth $135,000 after acquiring an additional 1,440 shares in the last quarter. Cary Street Partners Financial LLC purchased a new stake in shares of NYLI MacKay Municipal Insured ETF during the 3rd quarter worth $202,000. NewEdge Advisors LLC purchased a new stake in shares of NYLI MacKay Municipal Insured ETF during the 1st quarter worth $398,000. Finally, Hilton Head Capital Partners LLC purchased a new stake in shares of NYLI MacKay Municipal Insured ETF during the 4th quarter worth $1,712,000.

NYLI MacKay Municipal Insured ETF Stock Performance

Shares of NYSEARCA:MMIN traded down $0.05 during trading on Friday, hitting $23.99. The company’s stock had a trading volume of 35,843 shares, compared to its average volume of 89,502. The business has a 50 day moving average price of $24.05 and a two-hundred day moving average price of $24.01. NYLI MacKay Municipal Insured ETF has a fifty-two week low of $22.53 and a fifty-two week high of $24.44.

NYLI MacKay Municipal Insured ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, March 3rd. Shareholders of record on Friday, February 27th were paid a $0.0733 dividend. The ex-dividend date was Friday, February 27th. This represents a c) annualized dividend and a dividend yield of 3.7%.

About NYLI MacKay Municipal Insured ETF

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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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