NYLIM MacKay Muni Short Duration ETF (NYSEARCA:MMSD) Sees Significant Increase in Short Interest

NYLIM MacKay Muni Short Duration ETF (NYSEARCA:MMSD) was the target of a large growth in short interest in October. As of October 30th, there was short interest totaling 7,340 shares, a growth of 314.9% from the October 15th total of 1,769 shares. Based on an average trading volume of 16,665 shares, the short-interest ratio is presently 0.4 days. Approximately 0.2% of the shares of the company are short sold.

NYLIM MacKay Muni Short Duration ETF Price Performance

Shares of MMSD stock opened at $25.13 on Thursday. The stock’s 50 day simple moving average is $24.96 and its 200 day simple moving average is $25.27. NYLIM MacKay Muni Short Duration ETF has a twelve month low of $24.59 and a twelve month high of $26.10.

Hedge Funds Weigh In On NYLIM MacKay Muni Short Duration ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Cetera Investment Advisers bought a new position in shares of NYLIM MacKay Muni Short Duration ETF in the first quarter valued at approximately $416,000. Royal Bank of Canada lifted its stake 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 worth $1,002,000 after buying an additional 20,577 shares during the last quarter. Invenio Wealth Partners LLC lifted its stake 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 worth $6,867,000 after buying an additional 57,843 shares during the last quarter. Finally, New York Life Investment Management LLC acquired a new stake in shares of NYLIM MacKay Muni Short Duration ETF in the third quarter worth $48,909,000.

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.