NYLI MacKay Muni Short Duration ETF (NYSEARCA:MMSD) Sees Large Drop in Short Interest

NYLI MacKay Muni Short Duration ETF (NYSEARCA:MMSD) was the target of a large decline in short interest in July. As of July 31st, there was short interest totaling 17,165 shares, a decline of 52.3% from the July 15th total of 35,988 shares. Based on an average daily volume of 13,961 shares, the days-to-cover ratio is currently 1.2 days. Currently, 0.6% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. New York Life Insurance Co. boosted its stake in shares of NYLI MacKay Muni Short Duration ETF by 98.8% during the 4th quarter. New York Life Insurance Co. now owns 1,977,705 shares of the company’s stock worth $50,194,000 after acquiring an additional 982,705 shares in the last quarter. Cetera Investment Advisers acquired a new stake in shares of NYLI MacKay Muni Short Duration ETF during the first quarter worth $416,000. M Wealth Management LLC raised its position in shares of NYLI MacKay Muni Short Duration ETF by 33.6% during the fourth quarter. M Wealth Management LLC now owns 44,100 shares of the company’s stock worth $1,119,000 after purchasing an additional 11,100 shares during the period. Royal Bank of Canada raised its position in shares of NYLI MacKay Muni Short Duration ETF by 107.8% during the first quarter. Royal Bank of Canada now owns 39,661 shares of the company’s stock worth $1,002,000 after purchasing an additional 20,577 shares during the period. Finally, Trust Co. of Vermont purchased a new stake in shares of NYLI MacKay Muni Short Duration ETF during the second quarter valued at $45,000.

NYLI MacKay Muni Short Duration ETF Stock Down 0.0%

MMSD stock traded down $0.01 on Friday, hitting $25.29. 3,538 shares of the company’s stock traded hands, compared to its average volume of 10,836. NYLI MacKay Muni Short Duration ETF has a 1-year low of $25.12 and a 1-year high of $25.72. The stock has a fifty day moving average of $25.31 and a 200-day moving average of $25.39.

About NYLI MacKay Muni Short Duration ETF

The NYLI MacKay Muni Short Duration ETF (MMSD) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed, seeking current income exempt from federal tax through primarily investment grade municipal bonds. The fund incorporates ESG risk assessments into its strategy while maintaining an average portfolio duration of 1-3 years. MMSD was launched on May 6, 2025 and is issued by New York Life Investments.