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

NYLI MacKay Muni Short Duration ETF (NYSEARCA:MMSD) was the recipient of a significant 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. Approximately 0.6% of the company’s stock are short sold. Based on an average daily volume of 13,961 shares, the short-interest ratio is presently 1.2 days.

NYLI MacKay Muni Short Duration ETF Price Performance

MMSD traded up $0.01 during trading hours on Monday, hitting $25.30. 56,169 shares of the company’s stock were exchanged, compared to its average volume of 11,126. NYLI MacKay Muni Short Duration ETF has a 12-month low of $25.12 and a 12-month high of $26.10. The firm has a 50 day moving average of $25.31 and a 200 day moving average of $25.39.

Institutional Trading of NYLI MacKay Muni Short Duration ETF

Large investors have recently modified their holdings of the stock. Trust Co. of Vermont purchased a new position in NYLI MacKay Muni Short Duration ETF in the second quarter valued at $45,000. Royal Bank of Canada grew its stake in NYLI 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 worth $1,002,000 after purchasing an additional 20,577 shares in the last quarter. Cetera Investment Advisers purchased a new stake in NYLI MacKay Muni Short Duration ETF during the 1st quarter worth about $416,000. Breakwater Capital Group purchased a new stake in NYLI MacKay Muni Short Duration ETF during the 1st quarter worth about $267,000. Finally, New York Life Insurance Co. raised its position in NYLI MacKay Muni Short Duration ETF by 98.8% in the 4th quarter. New York Life Insurance Co. now owns 1,977,705 shares of the company’s stock valued at $50,194,000 after purchasing an additional 982,705 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.