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 May 2, 2024, MMIN stock price climbed to $23.91 with 34,011 million shares trading.

MMIN has a beta of 0.26, meaning it tends to be less sensitive to market movements. MMIN has a correlation of 0.24 to the broad based SPY ETF.

MMIN has a market cap of $459.02 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 price return of +2.5% while the SPY ETF gained +23.2%. MMIN has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -2.2% and -0.2%, respectively, while the SPY returned +3.6% and +0.9%, respectively.

MMIN support price is $23.79 and resistance is $23.93 (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.