NYLI MacKay Municipal Insured ETF (NYSEARCA:MMIN – Get Free Report) was the target of a large decrease in short interest during the month of December. As of December 31st, there was short interest totaling 16,274 shares, a decrease of 52.0% from the December 15th total of 33,904 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 63,043 shares, the days-to-cover ratio is presently 0.3 days. Based on an average trading volume of 63,043 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.1% of the shares of the stock are sold short.
Hedge Funds Weigh In On NYLI MacKay Municipal Insured ETF
A number of hedge funds and other institutional investors have recently bought and sold shares of MMIN. Flow Traders U.S. LLC purchased a new stake in shares of NYLI MacKay Municipal Insured ETF during the 2nd quarter valued at $1,547,000. Millstone Evans Group LLC lifted its stake in NYLI MacKay Municipal Insured ETF by 34.0% during the third quarter. Millstone Evans Group LLC now owns 5,673 shares of the company’s stock worth $135,000 after purchasing an additional 1,440 shares during the last quarter. Cary Street Partners Financial LLC bought a new stake in NYLI MacKay Municipal Insured ETF during the third quarter worth about $202,000. Finally, NewEdge Advisors LLC boosted its holdings in shares of NYLI MacKay Municipal Insured ETF by 80.2% in the 3rd quarter. NewEdge Advisors LLC now owns 33,991 shares of the company’s stock worth $809,000 after purchasing an additional 15,132 shares in the last quarter.
NYLI MacKay Municipal Insured ETF Stock Performance
Shares of MMIN traded up $0.04 during trading hours on Wednesday, reaching $24.14. 39,534 shares of the company’s stock traded hands, compared to its average volume of 48,148. NYLI MacKay Municipal Insured ETF has a 12 month low of $22.30 and a 12 month high of $24.35. The firm’s 50 day simple moving average is $24.00 and its 200-day simple moving average is $23.63.
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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