Short Interest in NYLI MacKay Municipal Insured ETF (NYSEARCA:MMIN) Expands By 27.6%

NYLI MacKay Municipal Insured ETF (NYSEARCA:MMIN) was the recipient of a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 57,007 shares, an increase of 27.6% from the January 15th total of 44,681 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average daily volume of 99,830 shares, the short-interest ratio is presently 0.6 days. Based on an average daily volume of 99,830 shares, the short-interest ratio is presently 0.6 days. Currently, 0.4% of the company’s stock are short sold.

Institutional Investors Weigh In On NYLI MacKay Municipal Insured ETF

Several hedge funds and other institutional investors have recently made changes to their positions in MMIN. Hilton Head Capital Partners LLC acquired a new position in NYLI MacKay Municipal Insured ETF in the fourth quarter valued at approximately $1,712,000. Flow Traders U.S. LLC acquired a new stake in NYLI MacKay Municipal Insured ETF during the second quarter worth approximately $1,547,000. 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 valued at $809,000 after buying an additional 15,132 shares in the last quarter. Cary Street Partners Financial LLC acquired a new position in shares of NYLI MacKay Municipal Insured ETF in the 3rd quarter valued at $202,000. Finally, Millstone Evans Group LLC raised its stake in NYLI MacKay Municipal Insured ETF by 34.0% during the 3rd quarter. Millstone Evans Group LLC now owns 5,673 shares of the company’s stock worth $135,000 after acquiring an additional 1,440 shares in the last quarter.

NYLI MacKay Municipal Insured ETF Stock Performance

Shares of NYLI MacKay Municipal Insured ETF stock traded up $0.01 on Monday, reaching $24.25. 65,230 shares of the company were exchanged, compared to its average volume of 111,244. NYLI MacKay Municipal Insured ETF has a 1-year low of $22.30 and a 1-year high of $24.35. The stock’s 50 day moving average price is $24.05 and its 200-day moving average price is $23.81.

NYLI MacKay Municipal Insured ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, February 3rd. Investors of record on Friday, January 30th were paid a dividend of $0.0815 per share. The ex-dividend date was Friday, January 30th. This represents a c) dividend on an annualized basis and a dividend yield of 4.0%.

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.