Short Interest in NYLI MacKay Municipal Insured ETF (NYSEARCA:MMIN) Declines By 83.0%

NYLI MacKay Municipal Insured ETF (NYSEARCA:MMIN) saw a significant decrease in short interest in February. As of February 27th, there was short interest totaling 7,764 shares, a decrease of 83.0% from the February 12th total of 45,649 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 76,116 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 76,116 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are short sold.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Millstone Evans Group LLC boosted its position in NYLI MacKay Municipal Insured ETF by 34.0% during the third quarter. Millstone Evans Group LLC now owns 5,673 shares of the company’s stock valued at $135,000 after purchasing an additional 1,440 shares during the last quarter. Cary Street Partners Financial LLC purchased a new stake in shares of NYLI MacKay Municipal Insured ETF during the 3rd quarter worth about $202,000. NewEdge Advisors LLC acquired a new stake in shares of NYLI MacKay Municipal Insured ETF during the 1st quarter valued at about $398,000. Flow Traders U.S. LLC acquired a new stake in shares of NYLI MacKay Municipal Insured ETF during the 2nd quarter valued at about $1,547,000. Finally, Hilton Head Capital Partners LLC bought a new stake in shares of NYLI MacKay Municipal Insured ETF in the 4th quarter valued at approximately $1,712,000.

NYLI MacKay Municipal Insured ETF Stock Performance

Shares of MMIN stock traded down $0.08 on Thursday, reaching $23.94. 66,910 shares of the company’s stock traded hands, compared to its average volume of 96,259. NYLI MacKay Municipal Insured ETF has a 12-month low of $22.30 and a 12-month high of $24.44. The business’s 50 day moving average price is $24.14 and its two-hundred day moving average price is $23.95.

NYLI MacKay Municipal Insured ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, March 3rd. Investors of record on Friday, February 27th were issued a dividend of $0.0733 per share. This represents a c) annualized dividend and a dividend yield of 3.7%. The ex-dividend date was Friday, February 27th.

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.