NYLIM MacKay Muni Short Duration ETF (NYSEARCA:MMSD – Get Free Report) was the recipient of a significant increase in short interest in the month of October. As of October 30th, there was short interest totaling 7,340 shares, an increase of 314.9% from the October 15th total of 1,769 shares. Based on an average daily volume of 16,665 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.2% of the shares of the company are short sold.
NYLIM MacKay Muni Short Duration ETF Stock Performance
NYSEARCA:MMSD traded down $0.08 during midday trading on Friday, reaching $25.01. The stock had a trading volume of 1,203 shares, compared to its average volume of 12,663. The firm has a fifty day simple moving average of $24.96 and a two-hundred day simple moving average of $25.27. NYLIM MacKay Muni Short Duration ETF has a 12-month low of $24.59 and a 12-month high of $26.10.
Institutional Trading of NYLIM MacKay Muni Short Duration ETF
Hedge funds have recently made changes to their positions in the company. Cetera Investment Advisers purchased a new stake in shares of NYLIM MacKay Muni Short Duration ETF in the first quarter valued at about $416,000. Royal Bank of Canada raised its holdings in 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 worth $1,002,000 after purchasing an additional 20,577 shares in the last quarter. Invenio Wealth Partners LLC lifted its position in 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 period. Finally, New York Life Investment Management LLC acquired a new stake in NYLIM MacKay Muni Short Duration ETF in the third quarter valued at about $48,909,000.
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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