NYLIM MacKay Municipal Insured ETF (NYSEARCA:MMIN) Short Interest Update

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

NYLIM MacKay Municipal Insured ETF Price Performance

Shares of MMIN opened at $22.99 on Friday. NYLIM MacKay Municipal Insured ETF has a 1 year low of $22.85 and a 1 year high of $24.44. The company’s 50-day simple moving average is $23.58 and its 200-day simple moving average is $23.86.

Institutional Investors Weigh In On NYLIM MacKay Municipal Insured ETF

An institutional investor recently raised its stake in NYLIM MacKay Municipal Insured ETF stock. Cornerstone Advisors Asset Management LLC grew its stake in NYLIM MacKay Municipal Insured ETF (NYSEARCA:MMIN) by 5.2% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 700,318 shares of the company’s stock after buying an additional 34,447 shares during the quarter. NYLIM MacKay Municipal Insured ETF accounts for approximately 2.6% of Cornerstone Advisors Asset Management LLC’s portfolio, making the stock its 11th biggest position. Cornerstone Advisors Asset Management LLC owned approximately 3.96% of NYLIM MacKay Municipal Insured ETF worth $16,605,000 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.