NYLIM MacKay Muni Short Duration ETF (NYSEARCA:MMSD – Get Free Report) saw a large decline in short interest in October. As of October 15th, there was short interest totaling 1,769 shares, a decline of 87.3% from the September 30th total of 13,900 shares. Based on an average daily trading volume, of 21,423 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the shares of the stock are sold short.
NYLIM MacKay Muni Short Duration ETF Stock Performance
Shares of NYSEARCA:MMSD traded down $0.00 during trading on Tuesday, reaching $25.08. The stock had a trading volume of 16,672 shares, compared to its average volume of 12,418. NYLIM MacKay Muni Short Duration ETF has a 1-year low of $24.59 and a 1-year high of $26.10. The business has a fifty day moving average price of $25.00 and a 200-day moving average price of $25.30.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in MMSD. Cetera Investment Advisers purchased a new stake in shares of NYLIM MacKay Muni Short Duration ETF in the first quarter valued at approximately $416,000. Royal Bank of Canada increased its holdings in shares of NYLIM 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 valued at $1,002,000 after purchasing an additional 20,577 shares during the last quarter. Finally, Invenio Wealth Partners LLC increased its holdings in shares of NYLIM MacKay Muni Short Duration ETF by 26.3% in the third quarter. Invenio Wealth Partners LLC now owns 277,687 shares of the company’s stock valued at $6,867,000 after purchasing an additional 57,843 shares during the last quarter.
NYLIM 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.
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