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

NYLIM MacKay Muni Short Duration ETF (NYSEARCA:MMSD) was the target of a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 8,255 shares, a decrease of 39.5% from the August 15th total of 13,654 shares. Based on an average daily volume of 19,401 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.3% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of MMSD. Royal Bank of Canada increased its holdings in NYLIM MacKay Muni Short Duration ETF by 107.8% during the 1st quarter. Royal Bank of Canada now owns 39,661 shares of the company’s stock valued at $1,002,000 after purchasing an additional 20,577 shares in the last quarter. Cetera Investment Advisers acquired a new position in NYLIM MacKay Muni Short Duration ETF in the first quarter worth $416,000. Breakwater Capital Group acquired a new position in NYLIM MacKay Muni Short Duration ETF in the first quarter worth $267,000. Finally, New York Life Insurance Co. grew its holdings in shares of NYLIM MacKay Muni Short Duration ETF by 98.8% during the fourth quarter. New York Life Insurance Co. now owns 1,977,705 shares of the company’s stock worth $50,194,000 after purchasing an additional 982,705 shares during the last quarter.

NYLIM MacKay Muni Short Duration ETF Trading Up 0.0%

MMSD stock traded up $0.00 during trading on Wednesday, hitting $25.00. 16,102 shares of the stock traded hands, compared to its average volume of 11,555. NYLIM MacKay Muni Short Duration ETF has a one year low of $24.99 and a one year high of $26.10. The company has a 50 day simple moving average of $25.24 and a 200 day simple moving average of $25.33.

About NYLIM 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.