Seeking AlphaT3·28mo ago
MMIN NYLIM MacKay Muni Insured ETF
ETFETF quote, holdings, sector allocation, technicals, and options analytics. Fibonacci levels
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
MMIN
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Key stats
About
NYLIM MacKay Muni Insured ETF (MMIN) ETF
No description available.
- Exchange
- ARCX
- Inception
- 2017-10-18
- Has Options
- No
Fund profile
holdings as of Jul 31, 2026SEC filingthrough Jul 2026flows, SEC filings
- Expense ratio
- 0.30% prospectus, filed Aug 26, 2025
- Assets
- $493M shares × price, Oct 20, 2026
- Trailing yield
- 4.23% paid monthly
- Average daily volume
- $7.7M 30 sessions
- Holdings
- 224 top 10 are 11.4%
- Listed
- Oct 18, 2017 NYSE Arca
- Last fee change
- -1 bp filed Aug 27, 2024
Cost37
Liquidity63
Scale63
Diversification100
Moves with. Long Treasuries (27% of its variance, beta 0.22); US large-cap stocks (4% of its variance, beta 0.05). These factors explain 35% of its daily moves over the last year.
Stated objective. The NYLI MacKay Muni Insured ETF (the Fund) seeks current income exempt from federal income tax. (from the fund's prospectus)
All 224 holdingsFlow historyOverlap toolAll National Muni ETFs
Fund flows
through Jul 2026SEC filings- Jul 2026
- +$14M latest reported month
- Latest 3 months
- +$46M +9.9% of assets
- Latest 12 months
- +$138M +29.8% of assets
View as a table
| Month | Net flow |
|---|---|
| Jul 2026 | +$14M |
| Jun 2026 | +$11M |
| May 2026 | +$20M |
| Apr 2026 | +$2.4M |
| Mar 2026 | +$13M |
| Feb 2026 | +$31M |
| Jan 2026 | +$13M |
| Dec 2025 | +$7.2M |
| Nov 2025 | +$9.6M |
| Oct 2025 | +$3.6M |
| Sep 2025 | −$1.2M |
| Aug 2025 | +$13M |
Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 84 months ago
Similar funds
| Fund | Overlap | Fee | Assets | 1Y | |
|---|---|---|---|---|---|
| MUBiShares National Muni Bond ETF | — | 0.05% | $51.7B | −4.7% | compare |
| VTEBVanguard Tax-Exempt Bond Index Fund | — | 0.03% | $50.4B | −5.0% | compare |
| JMUBJPMorgan Municipal ETF | — | 0.18% | $8.7B | −4.9% | compare |
| CGMUCapital Group Municipal Income ETF | — | 0.27% | $7.2B | −4.0% | compare |
| PZAInvesco National AMT-Free Municipal Bond ETF | — | 0.28% | $4.1B | −8.0% | compare |
The largest other funds in the National Muni category.
Under the hood
fiscal year to Apr 30, 2026SEC census- Authorized participants
- 6 active of 15 with agreements; top 3 did 80%
- Created · redeemed
- $171M · $210M over the fiscal year
- Redemptions in kind
- 0% creations 0% in kind
- Creation unit
- 50,000 shares
- Securities lending
- not authorized
From the fund's annual census filing with the SEC. In-kind redemptions are what let an ETF shed appreciated securities without realising gains.
ETF Profile
holdings as of 2026-07-31
Holdings
224
AUM
$458.2M
Provider
Nport
Inception
2017-10-18
Exchange
ARCX
Data As Of
2026-07-31
Expense Ratio
0.30%
Dividend Yield
4.23%
Distribution
Monthly
Recent distributions
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2026-09-30 | 2026-10-02 | $0.0791 | CD |
| 2026-08-31 | 2026-09-02 | $0.0800 | CD |
| 2026-07-31 | 2026-08-04 | $0.0807 | CD |
| 2026-06-30 | 2026-07-02 | $0.0781 | CD |
| 2026-05-29 | 2026-06-02 | $0.0826 | CD |
| 2026-04-30 | 2026-05-04 | $0.0819 | CD |
Asset Allocation
Top Holdings
top 50 of 224 holdings
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| — | DREYFUS GOVERNMENT CASH MANAGEMENT FUNDS | 2.83% | Short-term investment | US |
| — | WAYNE COUNTY AIRPORT AUTHORITY (MI) | 1.58% | Debt | US |
| — | COOK CNTY ILL HIGH SCH DIST NO 205 THORNTON TWP | 1.23% | Debt | US |
| — | SANGAMON COUNTY SCHOOL DISTRICT N.186 (IL) | 1.17% | Debt | US |
| — | LOS ANGELES CALIF DEPT WTR & PWR | 1.15% | Debt | US |
| — | CHICAGO ILL | 1.12% | Debt | US |
| — | SAN MATEO CALIF | 1.05% | Debt | US |
| — | COLLIER COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY (FL) | 1.05% | Debt | US |
| — | ALLEGHENY COUNTY AIRPORT AUTHORITY (PA) | 1.03% | Debt | US |
| — | PASCO CNTY FLA | 1.02% | Debt | US |
| — | CHICAGO (IL), CITY OF | 1.00% | Debt | US |
| — | SANGAMON CNTY ILL SCH DIST NO 186 SPRINGFIELD | 0.99% | Debt | US |
| — | PENNSYLVANIA ECONOMIC DEVELOPMENT FINANCING AUTHORITY (PA) | 0.96% | Debt | US |
| — | CEDAR RAPIDS IOWA CMNTY SCH DIST | 0.95% | Debt | US |
| — | MADISON COUNTY COMMUNITY UNIT SCHOOL DISTRICT N.7 (IL) | 0.94% | Debt | US |
| — | TEXAS STATE TECHNICAL COLLEGE SYSTEM (TX) | 0.94% | Debt | US |
| — | PASCO CNTY FLA | 0.91% | Debt | US |
| — | WALLER INDEPENDENT SCHOOL DISTRICT (TX) | 0.91% | Debt | US |
| — | HOUSTON TEX | 0.91% | Debt | US |
| — | CHICAGO TRANSIT AUTHORITY (IL) | 0.90% | Debt | US |
| — | SOUTHWESTERN ILL DEV AUTH | 0.90% | Debt | US |
| — | PUTNAM CNTY FLA SCH DIST | 0.89% | Debt | US |
| — | SOUTHERN CALIF PUB PWR AUTH | 0.89% | Debt | US |
| — | INDIANA MUNICIPAL POWER AGENCY (IN) | 0.87% | Debt | US |
| — | WILL CNTY ILL SCH DIST NO 114 MANHATTAN | 0.87% | Debt | US |
| — | JOLIET ILL WATERWORKS & SEW REV | 0.86% | Debt | US |
| — | ISLE WIGHT CNTY VA ECONOMIC DEV AUTH | 0.84% | Debt | US |
| — | TULPEHOCKEN PA AREA SCH DIST | 0.83% | Debt | US |
| — | PENNSYLVANIA ECONOMIC DEVELOPMENT FINANCING AUTHORITY (PA) | 0.83% | Debt | US |
| — | NEW YORK TRANSPORTATION DEVELOPMENT CORP (NY) | 0.81% | Debt | US |
| — | MASSACHUSETTS DEVELOPMENT FINANCE AGENCY (MA) | 0.79% | Debt | US |
| — | NEW ORLEANS LA AVIATION BRD | 0.79% | Debt | US |
| — | WASHINGTON ST HSG FIN COMMN | 0.77% | Debt | US |
| — | ANCHORAGE ALASKA | 0.76% | Debt | US |
| — | NEW YORK TRANSPORTATION DEVELOPMENT CORP (NY) | 0.74% | Debt | US |
| — | NORFOLK VA ARPT AUTH | 0.74% | Debt | US |
| — | GREATER ASHEVILLE REGIONAL AIRPORT AUTHORITY | 0.74% | Debt | US |
| — | ARLINGTON HIGHER EDUCATION FINANCE CORP (TX) | 0.72% | Debt | US |
| — | LOS ANGELES CALIF DEPT WTR & PWR | 0.71% | Debt | US |
| — | TRI-CREEK 2002 HIGH SCH BLDG CORP IND | 0.70% | Debt | US |
| — | BALTIC SCHOOL DISTRICT 49-1 (SD) | 0.70% | Debt | US |
| — | HALIFAX HOSP MED CTR FLA | 0.70% | Debt | US |
| — | TOLEDO (OH), CITY OF | 0.70% | Debt | US |
| — | WASHINGTON ST HEALTH CARE FACS AUTH | 0.69% | Debt | US |
| — | PHILADELPHIA (PA), CITY OF | 0.68% | Debt | US |
| — | LOVE FIELD AIRPORT MODERNIZATION CORP (TX) | 0.68% | Debt | US |
| — | GREEN OHIO LOC SCH DIST | 0.67% | Debt | US |
| — | BRANDON (SD), CITY OF | 0.67% | Debt | US |
| — | KENTUCKY BD DEV CORP | 0.66% | Debt | US |
| — | ALASKA RAILROAD CORP (AK) | 0.64% | Debt | US |
Non-Equity Breakdown
NYLIM MacKay Muni Insured ETF ·
NPORT-P period 2026-07-31
(filed 2026-09-25)
Net assets:
$462M
· 224 total positions
· equity 0.00%
· non-equity 99.08%
Non-equity holdings
— 224 positions,
99.08% of NAV
| Category | Weight | Value | Positions |
|---|---|---|---|
| Municipal | 96.25% | $445.1M | 223 |
| Short-term investment | 2.83% | $13.1M | 1 |
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | 0.43% | -2.65% | 3.06% | 0.04% | 0.04% | 0.29% | 0.20% |
| Feb | -2.11% | -0.93% | -3.00% | -0.75% | 1.21% | 1.20% | -0.73% |
| Mar | 0.50% | -3.80% | 2.86% | -0.39% | -2.23% | -2.35% | -0.90% |
| Apr | 0.99% | -3.56% | -0.29% | -1.08% | -1.44% | 0.71% | -0.78% |
| May | 0.34% | 1.59% | -0.37% | -0.25% | -0.46% | 0.13% | 0.16% |
| Jun | 0.36% | -2.69% | 0.58% | 1.05% | 1.30% | 0.75% | 0.23% |
| Jul | 0.76% | 2.34% | 0.02% | 1.55% | -0.99% | -2.27% | 0.23% |
| Aug | -0.55% | -3.44% | -1.70% | 0.08% | 0.43% | -1.18% | -1.06% |
| Sep | -0.90% | -4.01% | -3.10% | 1.15% | 3.52% | -4.34% | -1.28% |
| Oct | -0.10% | -1.67% | -1.41% | -2.03% | 1.60% | 1.38%* | -0.37% |
| Nov | 1.13% | 6.15% | 6.61% | 1.79% | 0.42% | -- | 3.22% |
| Dec | -0.22% | -1.25% | 2.25% | -2.13% | -0.04% | -- | -0.28% |
| Total | 0.59% | -13.52% | 5.20% | -1.06% | 3.28% | -5.69% | -1.87% |
Technical Indicators
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
Trend Indicators
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
Volume & Volatility
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
SMA 20: $22.46
SMA 50: $22.97
SMA 200: $23.76
Current: $22.70
EMA 12: $22.59
EMA 26: $22.65
MACD: -0.0666 | Signal: 0.0778
BEARISH
ADX (14): 34.57
TREND
+DI: 21.45
−DI: 19.40
Momentum Oscillators
RSI (14): 51.98
NEUTRAL
Stoch %K: 87.64
Stoch %D: 88.82
Williams %R: -13.24
Volume & Volatility
BB Upper: $22.81
BB Lower: $22.10
NEUTRAL
OBV: 8,390,015
Vol SMA 20: 435,749
Vol ROC: 230.49%
ATR: $0.17
True Range: $0.11
HV 20: 8.2%
HV 30: 7.4%
HV 60: 5.9%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-23T00:00:00 – 2026-10-21T00:00:00
AI Analysis
LLM Stock Analysis Report: MMIN
Executive Summary
Overall Assessment: BEARISH (Confidence Level: 6/10)
Key Drivers:
- Bearish MACD signal with a significant crossover below the signal line
- Oversold RSI reading, indicating potential buying opportunity
- Strong trend indicators (ADX) suggesting a strong downtrend
Primary Risks:
- Continued market volatility and potential selling pressure
- Failure to break above key resistance levels (Bollinger Bands)
Investment Thesis: MMIN is likely experiencing a short-term correction due to bearish technical signals. However, the stock's low volatility and recent oversold reading may indicate a potential buying opportunity.
Recent News Sentiment Impact: The neutral news headlines have not significantly impacted the stock price recently, as the market focus has shifted towards macroeconomic factors.
Technical Analysis
Trend Direction:
- Short-term: Bearish (1-4 weeks)
- Medium-term: Bearish (1-3 months)
- Long-term: Neutral (3-12 months)
Support/Resistance Levels:
- Key resistance levels: Upper Bollinger Band ($23.94) and the 20-day SMA ($23.53)
- Key support levels: Lower Bollinger Band ($23.13) and the 50-day SMA ($23.77)
Momentum Signals: RSI: Oversold (23.45), indicating a potential buying opportunity MACD: Bearish, with a significant crossover below the signal line
Volume Analysis: Volume has been trending down, indicating selling pressure and potential market fatigue.
News & Sentiment Analysis
Recent Headlines Summary: The recent news headlines have been neutral in tone, focusing on general market commentary and routine announcements.
Sentiment Assessment: Aggregated sentiment: NEUTRAL (no significant impact)
Catalyst Identification: No immediate or near-term catalysts identified
Market Narrative: The market's focus has shifted towards macroeconomic factors, with MMIN's price action driven by technical signals rather than specific news events.
Risk & Volatility Assessment
Risk Interpretation: Beta: 0.08 (low risk relative to the market)
Volatility Regime: Historical volatility is low, and current volatility is moderate
Options Market Signals: No options data available, but IV Premium vs HV30 is N/A (indicating no significant premium or discount)
Downside Protection: Support levels are established at $23.13 (Lower Bollinger Band) and $23.53 (20-day SMA), providing potential buying opportunities.
Market Context & Positioning
Sector Performance: MMIN's performance has been in line with the broader municipal bond sector
Institutional Activity: No significant institutional activity detected
Correlation Analysis: MMIN's price movement is relatively low correlated to the market (R-squared: 0.28)
Relative Valuation: MMIN is trading within a moderate range, with some room for further downside movement.
Key Levels & Action Items
Critical Price Levels:
- Support: $23.13 (Lower Bollinger Band) and $23.53 (20-day SMA)
- Resistance: Upper Bollinger Band ($23.94) and the 20-day SMA ($23.53)
Breakout/Breakdown Levels: No specific levels identified, but potential buying opportunities may arise near support levels
Time-Sensitive Catalysts: No immediate or near-term catalysts identified
Risk Management: Stop-loss levels should be set around $22.50 (around 3% below current price) to manage downside risk.
This report provides a comprehensive analysis of MMIN, highlighting the stock's bearish technical signals, neutral news headlines, and low volatility. The analysis identifies potential buying opportunities near support levels and suggests setting stop-loss levels to manage downside risk.
Generated
News
All MMIN news →
Zacks Investment ResearchT3·37mo ago
Zacks Investment ResearchT3·37mo ago
Seeking AlphaT3·37mo ago
Zacks Investment ResearchT3·43mo ago
MarketWatchT3·48mo ago
MMIN Options Activity & IV Rank
Loading options activity...
Spread Scanner GPU
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score (GPU scanner)
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Stage 2 — Skew Adjustment (±25% cap)
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Wing vs ATM
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
—
—
pts
EXTREME
ATM — / Wing —
30 DTE / 10d
—
—
pts
EXTREME
ATM — / Wing —
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Volatility Surface
Enter a ticker to render the implied volatility surface.
Volatility Smile
Enter a ticker to render the implied volatility smile.
IV Rank (7 DTE)
IV Rank (30 DTE)
Straddle Price (30 DTE)
Beta Analysis
Risk Metrics
Beta: 0.1036
Alpha: -7.39%
Correlation: 0.3097
R-Squared: 9.6%
Stock Volatility: 4.2%
Market Volatility: 12.7%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
Low volatility - stock moves less than market
Low volatility - stock moves less than market
Beta & Alpha Over Time
MMIN Institutional Ownership (13F)
Latest filings — 2026-09-30Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
| # | Filer | Notional Value | % of Total | Period |
|---|
| # | Filer | Notional Value | % of Total | Period |
|---|
Constituent Performance
Click any bar to view the full quote for that stock.
Constituents
| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
|---|