Short Interest in NYLIM MacKay Municipal Insured ETF (NYSEARCA:MMIN) Drops By 41.8%

NYLIM MacKay Municipal Insured ETF (NYSEARCA:MMIN) was the target of a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 47,233 shares, a drop of 41.8% from the August 15th total of 81,184 shares. Based on an average daily trading volume, of 83,436 shares, the short-interest ratio is presently 0.6 days. Approximately 0.2% of the company’s stock are short sold.

NYLIM MacKay Municipal Insured ETF Stock Up 0.1%

MMIN stock traded up $0.02 on Wednesday, reaching $22.88. 205,634 shares of the company traded hands, compared to its average volume of 93,026. The firm has a fifty day simple moving average of $23.62 and a 200-day simple moving average of $23.88. NYLIM MacKay Municipal Insured ETF has a one year low of $22.85 and a one year high of $24.44.

Institutional Trading of NYLIM MacKay Municipal Insured ETF

A hedge fund recently bought a new stake in NYLIM MacKay Municipal Insured ETF stock. Hilton Head Capital Partners LLC acquired a new position in NYLIM MacKay Municipal Insured ETF (NYSEARCA:MMIN) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 71,514 shares of the company’s stock, valued at approximately $1,712,000. NYLIM MacKay Municipal Insured ETF makes up 1.0% of Hilton Head Capital Partners LLC’s investment portfolio, making the stock its 23rd largest position. Hilton Head Capital Partners LLC owned 0.45% of NYLIM MacKay Municipal Insured ETF at the end of the most recent reporting period.

NYLIM 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.