MFS Active Intermediate Muni Bond ETF (NYSE:MFSM) Sees Significant Drop in Short Interest

MFS Active Intermediate Muni Bond ETF (NYSE:MFSM) was the recipient of a large drop in short interest during the month of September. As of September 30th, there was short interest totaling 48,208 shares, a drop of 48.6% from the September 15th total of 93,831 shares. Based on an average daily volume of 127,426 shares, the days-to-cover ratio is presently 0.4 days. Approximately 1.1% of the shares of the company are short sold.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of MFSM. FAS Wealth Partners Inc. increased its stake in shares of MFS Active Intermediate Muni Bond ETF by 5.1% during the 1st quarter. FAS Wealth Partners Inc. now owns 67,656 shares of the company’s stock worth $1,682,000 after purchasing an additional 3,261 shares during the last quarter. Private Advisor Group LLC purchased a new position in MFS Active Intermediate Muni Bond ETF in the first quarter valued at approximately $371,000. Ascentis Independent Advisors purchased a new position in MFS Active Intermediate Muni Bond ETF in the first quarter valued at approximately $783,000. Kestra Private Wealth Services LLC bought a new position in MFS Active Intermediate Muni Bond ETF during the first quarter valued at $1,551,000. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new position in MFS Active Intermediate Muni Bond ETF during the second quarter valued at $1,774,000.

MFS Active Intermediate Muni Bond ETF Trading Up 0.8%

Shares of NYSE MFSM traded up $0.19 during mid-day trading on Thursday, reaching $23.95. 97,568 shares of the company’s stock were exchanged, compared to its average volume of 45,081. The firm has a 50-day moving average price of $24.24 and a two-hundred day moving average price of $24.76. MFS Active Intermediate Muni Bond ETF has a 52 week low of $23.11 and a 52 week high of $25.55.

MFS Active Intermediate Muni Bond ETF Company Profile

The MFS Active Intermediate Muni Bond ETF (MFSM) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that consists of intermediate-term, tax-exempt US municipal bonds. It primarily invests in investment grade debt instruments but may also include high-yield bonds MFSM was launched on Dec 5, 2024 and is issued by MFS.