NYLIM MacKay Municipal Insured ETF (NYSEARCA:MMIN) Sees Significant Increase in Short Interest

NYLIM MacKay Municipal Insured ETF (NYSEARCA:MMIN – Get Free Report) saw a significant increase in short interest during the month of October. As of October 30th, there was short interest totaling 587,576 shares, an increase of 424.2% from the October 15th total of 112,085 shares. Approximately 2.3% of the company’s shares are sold short. Based on an average daily trading volume, of 688,676 shares, the days-to-cover ratio is currently 0.9 days.

Hedge Funds Weigh In On NYLIM MacKay Municipal Insured ETF

A number of institutional investors have recently modified their holdings of MMIN. Cornerstone Advisors Asset Management LLC boosted its holdings in shares of NYLIM MacKay Municipal Insured ETF by 10.9% in the third quarter. Cornerstone Advisors Asset Management LLC now owns 770,531 shares of the company’s stock valued at $17,152,000 after purchasing an additional 75,904 shares during the period. Commonwealth Equity Services LLC bought a new position in shares of NYLIM MacKay Municipal Insured ETF during the third quarter valued at approximately $1,628,000. ACT Advisors LLC. increased its holdings in shares of NYLIM MacKay Municipal Insured ETF by 7.0% in the 3rd quarter. ACT Advisors LLC. now owns 594,619 shares of the company’s stock valued at $13,236,000 after acquiring an additional 39,061 shares during the period. Private Advisor Group LLC purchased a new position in NYLIM MacKay Municipal Insured ETF in the third quarter valued at about $831,000. Finally, Lebenthal Global Advisors LLC bought a new position in shares of NYLIM MacKay Municipal Insured ETF during the 3rd quarter worth approximately $520,000.

NYLIM MacKay Municipal Insured ETF Price Performance

Shares of MMIN stock traded up $0.07 during trading hours on Wednesday, reaching $23.36. 39,547 shares of the stock were exchanged, compared to its average volume of 153,744. The company’s 50-day moving average price is $22.83 and its 200-day moving average price 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

(Get Free Report)

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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