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

NYLIM MacKay Municipal Insured ETF (NYSEARCA:MMIN) saw a significant decrease in short interest during the month of October. As of October 15th, there was short interest totaling 112,085 shares, a decrease of 57.9% from the September 30th total of 266,077 shares. Approximately 0.5% of the shares of the company are short sold. Based on an average daily volume of 373,892 shares, the days-to-cover ratio is presently 0.3 days.

NYLIM MacKay Municipal Insured ETF Trading Up 0.1%

NYSEARCA:MMIN traded up $0.02 during midday trading on Friday, reaching $23.10. 373,570 shares of the company traded hands, compared to its average volume of 147,113. NYLIM MacKay Municipal Insured ETF has a twelve month low of $22.11 and a twelve month high of $24.44. The company has a fifty day moving average price of $22.88 and a 200 day moving average price of $23.73.

Institutional Investors Weigh In On NYLIM MacKay Municipal Insured ETF

Several large investors have recently made changes to their positions in MMIN. Lebenthal Global Advisors LLC bought a new stake in shares of NYLIM MacKay Municipal Insured ETF during the third quarter valued at approximately $520,000. Lakeshore Capital Group Inc. bought a new position in NYLIM MacKay Municipal Insured ETF in the 3rd quarter worth approximately $358,000. ACT Advisors LLC. grew its holdings in 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 worth $13,236,000 after buying an additional 39,061 shares in the last quarter. Purus Wealth Management LLC increased its position in NYLIM MacKay Municipal Insured ETF by 6.4% in the 3rd quarter. Purus Wealth Management LLC now owns 77,485 shares of the company’s stock valued at $1,725,000 after acquiring an additional 4,690 shares during the period. Finally, Cooper Financial Group increased its position in NYLIM MacKay Municipal Insured ETF by 38.6% in the 3rd quarter. Cooper Financial Group now owns 20,286 shares of the company’s stock valued at $452,000 after acquiring an additional 5,645 shares during the period.

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.