MMIN Stock Summary and Trading Ideas (IQ Mackay Shields Municipal Insured ETF | ARCA:MMIN)

The IQ MacKay Shields Municipal Insured ETF (MMIN) seeks current income exempt from federal income tax. The Fund principally invests in investment-grade municipal bonds covered by an insurance policy guaranteeing the payment of principal and interest, and will also seek to enhance total return potential through the subadvisor s active management approach.

IQ Mackay Shields Municipal Insured ETF trades on the ARCA stock market under the symbol MMIN.

As of April 19, 2024, MMIN stock price climbed to $23.97 with 30,710 million shares trading.

MMIN has a beta of 0.31, meaning it tends to be less sensitive to market movements. MMIN has a correlation of 0.28 to the broad based SPY ETF.

MMIN has a market cap of $451.74 million. This is considered a Small Cap stock.

In the last 3 years, MMIN stock traded as high as $27.94 and as low as $22.34.

MMIN has underperformed the market in the last year with a return of +2.4%, while the SPY ETF gained +21.2%. In the last 3 month period, MMIN fell short of the market, returning -0.3%, while SPY returned +4.3%. However, in the most recent 2 weeks MMIN has outperformed the stock market by returning -0.3%, while SPY returned -3.5%.

MMIN support price is $23.86 and resistance is $24.00 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MMIN stock will trade within this expected range on the day.