NYLIM MacKay High Income ETF (NYSEARCA:IQHI – Get Free Report) 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. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 1,358 shares, the days-to-cover ratio is presently 0.1 days.
Hedge Funds Weigh In On NYLIM MacKay High Income ETF
A hedge fund recently bought a new position in NYLIM MacKay High Income ETF stock. New York Life Investment Management LLC purchased a new stake in shares of NYLIM MacKay High Income ETF (NYSEARCA:IQHI – Free Report) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor 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 investment portfolio, making the stock its 28th biggest holding. New York Life Investment Management LLC owned about 96.53% of NYLIM MacKay High Income ETF at the end of the most recent reporting period.
NYLIM MacKay High Income ETF Stock Performance
NYLIM MacKay High Income ETF stock traded up $0.02 on Wednesday, hitting $25.09. 165,740 shares of the stock traded hands, compared to its average volume of 9,682. NYLIM MacKay High Income ETF has a 1 year low of $24.99 and a 1 year high of $27.02. The business’s fifty day simple moving average is $25.30 and its 200 day simple moving average is $25.81.
About NYLIM MacKay High Income ETF
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.
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