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

NYLI MacKay Muni Short Duration ETF (NYSEARCA:MMSD) was the target of a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 35,988 shares, an increase of 388.2% from the June 30th total of 7,372 shares. Currently, 1.2% of the company’s stock are short sold. Based on an average daily volume of 12,026 shares, the days-to-cover ratio is presently 3.0 days.

NYLI MacKay Muni Short Duration ETF Price Performance

Shares of NYSEARCA MMSD traded up $0.05 on Friday, reaching $25.24. 2,511 shares of the company’s stock traded hands, compared to its average volume of 11,389. The business’s 50 day simple moving average is $25.33 and its two-hundred day simple moving average is $25.41. NYLI MacKay Muni Short Duration ETF has a 12 month low of $25.16 and a 12 month high of $25.72.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MMSD. New York Life Insurance Co. raised its stake in NYLI 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 valued at $50,194,000 after buying an additional 982,705 shares during the last quarter. M Wealth Management LLC grew its stake in shares of NYLI MacKay Muni Short Duration ETF by 33.6% in the fourth quarter. M Wealth Management LLC now owns 44,100 shares of the company’s stock worth $1,119,000 after acquiring an additional 11,100 shares during the last quarter. Octavia Wealth Advisors LLC grew its stake in shares of NYLI MacKay Muni Short Duration ETF by 15.8% in the fourth quarter. Octavia Wealth Advisors LLC now owns 20,787 shares of the company’s stock worth $528,000 after acquiring an additional 2,834 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in shares of NYLI MacKay Muni Short Duration ETF during the fourth quarter valued at $368,000. Finally, Royal Bank of Canada increased its holdings 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 valued at $1,002,000 after acquiring an additional 20,577 shares in the last quarter.

NYLI MacKay Muni Short Duration ETF Company Profile

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.