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

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

Institutional Investors Weigh In On NYLI MacKay Muni Short Duration ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Trust Co. of Vermont bought a new stake in NYLI MacKay Muni Short Duration ETF in the second quarter worth $45,000. Breakwater Capital Group bought a new position in NYLI MacKay Muni Short Duration ETF during the first quarter valued at about $267,000. M Wealth Management LLC lifted its position 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 buying an additional 11,100 shares during the last quarter. Cetera Investment Advisers acquired a new stake in shares of NYLI MacKay Muni Short Duration ETF in the first quarter worth about $416,000. Finally, Royal Bank of Canada lifted its position in shares of NYLI MacKay Muni Short Duration ETF by 107.8% in the first quarter. Royal Bank of Canada now owns 39,661 shares of the company’s stock worth $1,002,000 after buying an additional 20,577 shares during the last quarter.

NYLI MacKay Muni Short Duration ETF Price Performance

NYSEARCA MMSD traded down $0.01 during trading on Friday, reaching $25.29. The company’s stock had a trading volume of 3,538 shares, 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 business has a 50-day moving average price of $25.31 and a 200-day moving average price 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.