NYLIM MacKay Muni Short Duration ETF (NYSEARCA:MMSD) Shares Shorted: Short Interest Up 327.2% in September

NYLIM MacKay Muni Short Duration ETF (NYSEARCA:MMSD) was the recipient of a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 13,900 shares, an increase of 327.2% from the September 15th total of 3,254 shares. Approximately 0.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 16,265 shares, the days-to-cover ratio is currently 0.9 days.

Institutional Trading of NYLIM MacKay Muni Short Duration ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada boosted its stake in shares of NYLIM MacKay Muni Short Duration ETF by 107.8% during the first quarter. Royal Bank of Canada now owns 39,661 shares of the company’s stock valued at $1,002,000 after acquiring an additional 20,577 shares during the last quarter. Cetera Investment Advisers purchased a new stake in NYLIM MacKay Muni Short Duration ETF during the 1st quarter worth about $416,000. Finally, Breakwater Capital Group purchased a new stake in NYLIM MacKay Muni Short Duration ETF during the 1st quarter worth about $267,000.

NYLIM MacKay Muni Short Duration ETF Stock Performance

NYLIM MacKay Muni Short Duration ETF stock traded up $0.05 during mid-day trading on Friday, hitting $24.77. 26,172 shares of the company were exchanged, compared to its average volume of 12,139. The business’s 50 day simple moving average is $25.07 and its two-hundred day simple moving average is $25.24. NYLIM MacKay Muni Short Duration ETF has a 12-month low of $24.59 and a 12-month high of $26.10.

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.