NYLIM MacKay Muni Short Duration ETF (NYSEARCA:MMSD – Get Free Report) was the recipient of a large decrease in short interest in 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. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 19,401 shares, the days-to-cover ratio is presently 0.4 days.
Institutional Trading of NYLIM MacKay Muni Short Duration ETF
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Breakwater Capital Group bought a new position in NYLIM MacKay Muni Short Duration ETF during the first quarter valued at $267,000. Cetera Investment Advisers bought a new stake in shares of NYLIM MacKay Muni Short Duration ETF in the 1st quarter worth about $416,000. Royal Bank of Canada boosted its stake in shares of 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 worth $1,002,000 after purchasing an additional 20,577 shares during the period. Finally, New York Life Insurance Co. boosted its stake in shares of NYLIM MacKay Muni Short Duration ETF by 98.8% during the 4th 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 period.
NYLIM MacKay Muni Short Duration ETF Trading Down 0.1%
MMSD traded down $0.02 on Friday, hitting $24.99. The company had a trading volume of 2,205 shares, compared to its average volume of 11,570. NYLIM MacKay Muni Short Duration ETF has a 12-month low of $24.97 and a 12-month high of $26.10. The business’s fifty day simple moving average is $25.23 and its 200 day simple moving average is $25.32.
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.
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