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 large decline in short interest in the month of 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 shares are sold short. Based on an average daily trading volume, of 13,961 shares, the short-interest ratio is presently 1.2 days.

NYLI MacKay Muni Short Duration ETF Price Performance

MMSD stock traded down $0.01 during mid-day trading on Friday, reaching $25.29. 3,538 shares of the stock traded hands, compared to its average volume of 10,836. NYLI MacKay Muni Short Duration ETF has a 52-week low of $25.12 and a 52-week high of $25.72. The stock’s fifty day moving average is $25.31 and its 200-day moving average is $25.39.

Institutional Investors Weigh In On NYLI MacKay Muni Short Duration ETF

A number of large investors have recently made changes to their positions in the company. Trust Co. of Vermont purchased a new stake in shares of NYLI MacKay Muni Short Duration ETF in the 2nd quarter valued at approximately $45,000. Breakwater Capital Group purchased a new position in NYLI MacKay Muni Short Duration ETF during the 1st quarter worth approximately $267,000. Cetera Investment Advisers purchased a new position in NYLI MacKay Muni Short Duration ETF during the 1st quarter worth approximately $416,000. Royal Bank of Canada grew its position 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. Finally, M Wealth Management LLC raised its stake in NYLI MacKay Muni Short Duration ETF by 33.6% during the 4th quarter. M Wealth Management LLC now owns 44,100 shares of the company’s stock valued at $1,119,000 after purchasing an additional 11,100 shares during the period.

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.