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

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of MMIN. NewEdge Advisors LLC purchased a new position in NYLI MacKay Municipal Insured ETF in the first quarter worth about $398,000. Cary Street Partners Financial LLC purchased a new position in NYLI MacKay Municipal Insured ETF during the third quarter valued at $202,000. Hilton Head Capital Partners LLC purchased a new position in NYLI MacKay Municipal Insured ETF during the fourth quarter valued at $1,712,000. Finally, Cornerstone Advisors Asset Management LLC lifted its position in NYLI 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 valued at $16,605,000 after purchasing an additional 34,447 shares in the last quarter.

NYLI MacKay Municipal Insured ETF Trading Up 0.2%

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

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.