NYLI MacKay Municipal Insured ETF (NYSEARCA:MMIN) Sees Large Growth in Short Interest

NYLI MacKay Municipal Insured ETF (NYSEARCA:MMIN) was the target of a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 127,924 shares, an increase of 1,296.6% from the April 15th total of 9,160 shares. Approximately 0.7% of the company’s shares are short sold. Based on an average trading volume of 150,660 shares, the short-interest ratio is currently 0.8 days.

NYLI MacKay Municipal Insured ETF Trading Down 0.1%

NYSEARCA MMIN traded down $0.03 during mid-day trading on Wednesday, hitting $23.97. The company’s stock had a trading volume of 63,772 shares, compared to its average volume of 96,041. NYLI MacKay Municipal Insured ETF has a 52-week low of $22.77 and a 52-week high of $24.44. The stock’s fifty day simple moving average is $23.99 and its two-hundred day simple moving average is $24.04.

Institutional Trading of NYLI MacKay Municipal Insured ETF

Hedge funds have recently made changes to their positions in the stock. Millstone Evans Group LLC boosted its holdings in NYLI MacKay Municipal Insured ETF by 34.0% in 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 period. Cary Street Partners Financial LLC acquired a new position in NYLI MacKay Municipal Insured ETF in the third quarter worth $202,000. NewEdge Advisors LLC boosted its holdings in NYLI MacKay Municipal Insured ETF by 80.2% in the third quarter. NewEdge Advisors LLC now owns 33,991 shares of the company’s stock worth $809,000 after purchasing an additional 15,132 shares during the period. Cornerstone Advisors Asset Management LLC raised its stake 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 worth $16,605,000 after acquiring an additional 34,447 shares during the period. Finally, Hilton Head Capital Partners LLC bought a new position in NYLI MacKay Municipal Insured ETF in the fourth quarter worth about $1,712,000.

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.