NYLIM MacKay Muni Short Duration ETF (NYSEARCA:MMSD) Sees Significant Decrease in Short Interest

NYLIM MacKay Muni Short Duration ETF (NYSEARCA:MMSD) was the recipient of a large decline in short interest in the month of September. As of September 15th, there was short interest totaling 3,254 shares, a decline of 60.6% from the August 31st total of 8,255 shares. Based on an average daily volume of 13,749 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the shares of the company are sold short.

Hedge Funds Weigh In On NYLIM MacKay Muni Short Duration ETF

A number of large investors have recently bought and sold shares of the business. New York Life Insurance Co. increased its position in shares of NYLIM MacKay Muni Short Duration ETF by 98.8% in the fourth quarter. New York Life Insurance Co. now owns 1,977,705 shares of the company’s stock valued at $50,194,000 after buying an additional 982,705 shares in the last quarter. Royal Bank of Canada increased its holdings in NYLIM MacKay Muni Short Duration ETF by 107.8% in the 1st quarter. Royal Bank of Canada now owns 39,661 shares of the company’s stock worth $1,002,000 after acquiring an additional 20,577 shares in the last quarter. Cetera Investment Advisers purchased a new position in NYLIM MacKay Muni Short Duration ETF during the first quarter valued at $416,000. Finally, Breakwater Capital Group acquired a new position in shares of NYLIM MacKay Muni Short Duration ETF during the 1st quarter worth about $267,000.

NYLIM MacKay Muni Short Duration ETF Stock Down 0.2%

MMSD stock traded down $0.06 during midday trading on Monday, hitting $24.69. 5,479 shares of the stock traded hands, compared to its average volume of 11,738. NYLIM MacKay Muni Short Duration ETF has a 1-year low of $24.65 and a 1-year high of $26.10. The stock’s fifty day simple moving average is $25.17 and its 200-day simple moving average is $25.29.

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.