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

NYLI MacKay Muni Short Duration ETF (NYSEARCA:MMSD) was the recipient of a large decline in short interest in June. As of June 30th, there was short interest totaling 7,372 shares, a decline of 82.8% from the June 15th total of 42,787 shares. Based on an average daily trading volume, of 7,318 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.2% of the company’s stock are sold short.

NYLI MacKay Muni Short Duration ETF Stock Performance

NYSEARCA:MMSD traded down $0.05 on Monday, reaching $25.30. The stock had a trading volume of 16,840 shares, compared to its average volume of 11,217. The company has a 50-day moving average of $25.34 and a 200 day moving average of $25.42. 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 bought and sold shares of MMSD. New York Life Insurance Co. increased its holdings in NYLI 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 last quarter. Royal Bank of Canada boosted its stake in shares of 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 valued at $1,002,000 after buying an additional 20,577 shares during the last quarter. Cetera Investment Advisers purchased a new position in shares of NYLI MacKay Muni Short Duration ETF during the 1st quarter valued at approximately $416,000. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of NYLI MacKay Muni Short Duration ETF during the fourth quarter worth approximately $368,000. Finally, M Wealth Management LLC grew its position in shares of NYLI MacKay Muni Short Duration ETF by 33.6% during 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 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.