NYLIM MacKay Municipal Insured ETF (NYSEARCA:MMIN) Stock Short Interest Report for September

NYLIM MacKay Municipal Insured ETF (NYSEARCA:MMIN) was the target of a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 266,077 shares, a growth of 267.1% from the September 15th total of 72,472 shares. Approximately 1.3% of the shares of the company are sold short. Based on an average trading volume of 254,540 shares, the short-interest ratio is presently 1.0 days.

Hedge Funds Weigh In On NYLIM MacKay Municipal Insured ETF

A hedge fund recently raised its stake in NYLIM MacKay Municipal Insured ETF stock. Cooper Financial Group raised its position in shares of NYLIM MacKay Municipal Insured ETF (NYSEARCA:MMIN) by 38.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,286 shares of the company’s stock after acquiring an additional 5,645 shares during the period. Cooper Financial Group owned approximately 0.10% of NYLIM MacKay Municipal Insured ETF worth $452,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

NYLIM MacKay Municipal Insured ETF Stock Performance

Shares of MMIN traded up $0.09 on Friday, reaching $22.36. The company’s stock had a trading volume of 197,474 shares, compared to its average volume of 112,514. The stock’s 50 day simple moving average is $23.13 and its two-hundred day simple moving average is $23.69. NYLIM MacKay Municipal Insured ETF has a 12-month low of $22.11 and a 12-month high of $24.44.

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.