NYLI MacKay Municipal Insured ETF (NYSEARCA:MMIN – Get Free Report) was the recipient of a significant growth in short interest in May. As of May 29th, there was short interest totaling 51,536 shares, a growth of 202.9% from the May 14th total of 17,014 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 77,917 shares, the short-interest ratio is currently 0.7 days.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the company. Cary Street Partners Financial LLC acquired a new position in NYLI MacKay Municipal Insured ETF during the third quarter valued at approximately $202,000. NewEdge Advisors LLC acquired a new position in NYLI MacKay Municipal Insured ETF during the first quarter valued at approximately $398,000. Hilton Head Capital Partners LLC acquired a new position in NYLI MacKay Municipal Insured ETF during the fourth quarter valued at approximately $1,712,000. Finally, Cornerstone Advisors Asset Management LLC raised 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 0.3%
Shares of NYLI MacKay Municipal Insured ETF stock opened at $24.11 on Friday. NYLI MacKay Municipal Insured ETF has a 12-month low of $22.77 and a 12-month high of $24.44. The firm’s 50-day moving average price is $23.99 and its two-hundred day moving average price is $24.03.
About NYLI 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.
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