NYLI MacKay Municipal Insured ETF (NYSEARCA:MMIN) Short Interest Up 73.3% in June

NYLI MacKay Municipal Insured ETF (NYSEARCA:MMIN) was the recipient of a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 89,302 shares, an increase of 73.3% from the May 31st total of 51,536 shares. Based on an average trading volume of 65,686 shares, the days-to-cover ratio is presently 1.4 days. Approximately 0.5% of the company’s shares are sold short.

NYLI MacKay Municipal Insured ETF Trading Up 0.0%

Shares of MMIN traded up $0.01 during midday trading on Thursday, hitting $24.18. 27,228 shares of the stock were exchanged, compared to its average volume of 89,157. The stock has a fifty day simple moving average of $24.04 and a 200 day simple moving average of $24.04. NYLI MacKay Municipal Insured ETF has a 52-week low of $22.77 and a 52-week high of $24.44.

Hedge Funds Weigh In On NYLI MacKay Municipal Insured ETF

Several institutional investors have recently modified their holdings of the business. Hilton Head Capital Partners LLC purchased a new stake in shares of NYLI MacKay Municipal Insured ETF during the fourth quarter worth approximately $1,712,000. Cornerstone Advisors Asset Management LLC grew its holdings in NYLI MacKay Municipal Insured ETF by 5.2% during the 1st quarter. Cornerstone Advisors Asset Management LLC now owns 700,318 shares of the company’s stock worth $16,605,000 after acquiring an additional 34,447 shares in the last quarter. Finally, NewEdge Advisors LLC acquired a new position in NYLI MacKay Municipal Insured ETF during the 1st quarter worth approximately $398,000.

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.