MFSM MFS Active Intermediate Muni Bond ETF
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MFS Active Intermediate Muni Bond ETF (MFSM) ETF
No description available.
- Exchange
- XNYS
- Inception
- 2024-12-04
- Has Options
- No
- Expense ratio
- 0.34% prospectus, filed Jun 25, 2026
- Assets
- $104M SEC filing, Aug 31, 2026
- Trailing yield
- 3.59% paid monthly
- Average daily volume
- $3.5M 30 sessions
- Holdings
- 419 top 10 are 6.8%
- Listed
- Dec 4, 2024 NYSE
Moves with. Long Treasuries (31% of its variance, beta 0.19); Gold (3% of its variance, beta 0.02); High yield over Treasuries (3% of its variance, beta -0.09). These factors explain 42% of its daily moves over the last year.
Stated objective. The funds investment objective is to seek total return with an emphasis on income exempt from U.S. federal income tax, but also considering capital appreciation. (from the fund's prospectus)
All 419 holdingsFlow historyOverlap toolAll National Muni ETFs
- Aug 2026
- +$4.3M latest reported month
- Latest 3 months
- +$6.8M +6.6% of assets
- Latest 12 months
- +$57M +55.2% of assets
View as a table
| Month | Net flow |
|---|---|
| Aug 2026 | +$4.3M |
| Jul 2026 | +$1.3M |
| Jun 2026 | +$1.3M |
| May 2026 | +$6.2M |
| Apr 2026 | +$13M |
| Mar 2026 | +$8.2M |
| Feb 2026 | +$18M |
| Jan 2026 | +$1.3M |
| Dec 2025 | +$1.9M |
| Nov 2025 | $0 |
| Oct 2025 | +$1.9M |
| Sep 2025 | $0 |
Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 21 months ago
| Fund | Overlap | Fee | Assets | 1Y | |
|---|---|---|---|---|---|
| MUBiShares National Muni Bond ETF | — | 0.05% | $55.0B | −1.9% | compare |
| VTEBVanguard Tax-Exempt Bond Index Fund | — | 0.03% | $54.0B | −2.1% | compare |
| JMUBJPMorgan Municipal ETF | — | 0.18% | $9.2B | −2.3% | compare |
| CGMUCapital Group Municipal Income ETF | — | 0.27% | $7.6B | −1.4% | compare |
| PZAInvesco National AMT-Free Municipal Bond ETF | — | 0.28% | $4.1B | −3.4% | compare |
The largest other funds in the National Muni category.
| Action | Holding | Weight before | Weight after | Shares vs flows |
|---|---|---|---|---|
| Exit | MUBiShares National Muni Bond ETF | 4.07% | — | — |
| Exit | VTEBVanguard Tax-Exempt Bond Index ETF | 4.07% | — | — |
0 new, 0 exited, 0 increased and 0 decreased between the fund's two latest holdings reports; turnover 11.1%. Full holdings and history
- Authorized participants
- 3 active of 14 with agreements; top 3 did 100%
- Created · redeemed
- $38M · $0 over the fiscal year
- Redemptions in kind
- 0% creations 2% in kind
- Creation unit
- 25,000 shares
- Securities lending
- not authorized
From the fund's annual census filing with the SEC. In-kind redemptions are what let an ETF shed appreciated securities without realising gains.
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2026-10-30 | 2026-11-02 | $0.0749 | CD |
| 2026-09-30 | 2026-10-01 | $0.0708 | CD |
| 2026-08-31 | 2026-09-01 | $0.0741 | CD |
| 2026-07-31 | 2026-08-03 | $0.0753 | CD |
| 2026-06-30 | 2026-07-01 | $0.0735 | CD |
| 2026-05-29 | 2026-06-01 | $0.0734 | CD |
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| — | State Street Global Advisors | 1.92% | Short-term investment | US |
| — | Minnesota Housing Finance Agency | 0.91% | Debt | US |
| — | Oklahoma City Public Property Authority | 0.80% | Debt | US |
| — | Health & Educational Facilities Authority of the State of Missouri | 0.80% | Debt | US |
| — | California Community Choice Financing Authority | 0.70% | Debt | US |
| — | Richland County Community Unit School District No 1 | 0.68% | Debt | US |
| — | County of Pasco FL Solid Waste Disposal & Resource Recovery System Revenue | 0.68% | Debt | US |
| — | West Cornwall Township Municipal Authority | 0.66% | Debt | US |
| — | Brazos Higher Education Authority Inc | 0.54% | Debt | US |
| — | Paulding County Hospital Authority/GA | 0.53% | Debt | US |
| — | Kentucky Bond Development Corp | 0.53% | Debt | US |
| — | St Tammany Parish Hospital Service District No 1 | 0.52% | Debt | US |
| — | City of St Cloud MN | 0.52% | Debt | US |
| — | City of Austin TX Airport System Revenue | 0.52% | Debt | US |
| — | Rensselaer County Capital Resource Corp | 0.52% | Debt | US |
| — | Troy Capital Resource Corp | 0.52% | Debt | US |
| — | McCurtain County Educational Facilities Authority | 0.52% | Debt | US |
| — | Brevard County Health Facilities Authority | 0.52% | Debt | US |
| — | City of Ruston LA Sales Tax Revenue | 0.52% | Debt | US |
| — | Arapahoe County School District No 5 Cherry Creek | 0.52% | Debt | US |
| — | Orlando Community Redevelopment Agency | 0.52% | Debt | US |
| — | Greater Clark Building Corp | 0.52% | Debt | US |
| — | City of Atlanta GA Department of Aviation | 0.52% | Debt | US |
| — | Municipality of Anchorage AK | 0.52% | Debt | US |
| — | Madison Consolidated School Building Corp/IN | 0.52% | Debt | US |
| — | Reno-Tahoe Airport Authority | 0.51% | Debt | US |
| — | Geneva Development Corp | 0.51% | Debt | US |
| — | City of Pharr TX | 0.51% | Debt | US |
| — | City of Houston TX Hotel Occupancy Tax & Special Revenue | 0.51% | Debt | US |
| — | Greater Asheville Regional Airport Authority | 0.51% | Debt | US |
| — | Port of Port Arthur Navigation District | 0.51% | Debt | US |
| — | Pennsylvania Economic Development Financing Authority | 0.51% | Debt | US |
| — | Colorado International Center Metropolitan District No 14 | 0.51% | Debt | US |
| — | Sedgwick County Unified School District No 263 Mulvane | 0.51% | Debt | US |
| — | Pennsylvania Higher Educational Facilities Authority | 0.51% | Debt | US |
| — | Miami Beach Health Facilities Authority | 0.51% | Debt | US |
| — | California Community Choice Financing Authority | 0.51% | Debt | US |
| — | Illinois Finance Authority | 0.51% | Debt | US |
| — | Pennsylvania Turnpike Commission | 0.50% | Debt | US |
| — | Connecticut State Health & Educational Facilities Authority | 0.50% | Debt | US |
| — | Ionia Public Schools | 0.50% | Debt | US |
| — | South Lyon Community Schools | 0.50% | Debt | US |
| — | Coffee County Board of Education | 0.50% | Debt | US |
| — | Minersville Area School District | 0.50% | Debt | US |
| — | Black Belt Energy Gas District | 0.50% | Debt | US |
| — | North Allegheny School District | 0.48% | Debt | US |
| — | New York City Housing Development Corp | 0.48% | Debt | US |
| — | County of Santa Fe NM | 0.48% | Debt | US |
| — | Michigan Strategic Fund | 0.48% | Debt | US |
| — | Pennsylvania Economic Development Financing Authority | 0.48% | Debt | US |
| Category | Weight | Value | Positions |
|---|---|---|---|
| Municipal | 98.09% | $101.8M | 418 |
| Short-term investment | 1.92% | $2.0M | 1 |
| Month | '24 | '25 | '26 | Avg |
|---|---|---|---|---|
| Jan | -- | 0.25% | 0.52% | 0.39% |
| Feb | -- | 0.79% | 1.09% | 0.94% |
| Mar | -- | -1.26% | -2.12% | -1.69% |
| Apr | -- | -0.97% | 0.41% | -0.28% |
| May | -- | -0.45% | 0.20% | -0.12% |
| Jun | -- | 0.97% | 0.40% | 0.69% |
| Jul | -- | -0.45% | -1.95% | -1.20% |
| Aug | -- | -0.00% | -0.48% | -0.24% |
| Sep | -- | 1.86% | -4.04% | -1.09% |
| Oct | -- | 0.69% | 2.69% | 1.69% |
| Nov | -- | 0.10% | 1.15%* | 0.62% |
| Dec | -1.52% | 0.26% | -- | -0.63% |
| Total | -1.52% | 1.76% | -2.28% | -0.68% |
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
Momentum Oscillators
Volume & Volatility
Data Summary
Here is the comprehensive stock analysis report for MFSM:
Executive Summary
Overall Assessment: NEUTRAL (6/10)
Key Drivers:
- Technical indicators suggest a neutral trend, with RSI indicating a neutral reading and MACD signaling bearish momentum
- Low volatility and beta indicate low risk Primary Risks:
- Potential for consolidation or sideways movement based on technical signals Recent News Sentiment Impact:
- Lack of recent news headlines limits potential impact on stock price
Technical Analysis
Trend Direction:
- Short-term: Neutral (RSI indicates neutral, MACD shows bearish momentum)
- Medium-term: Uptrend (SMA 50 and SMA 200 above current price)
- Long-term: Bullish (long-term trend)
Support/Resistance Levels:
- Lower Bollinger Band: $24.61
- Middle Band: $24.88
- Upper Band: $25.15
Momentum Signals:
- RSI interpretation: Neutral (39.45)
- MACD signal: Bearish momentum (-0.09 / Signal: -0.00 / Histogram: -0.09)
- Bollinger Bands position: Squeeze (price is near the middle band)
Volume Analysis:
- Volume SMA 20: 22605.70
- On-Balance Volume (OBV): 2550646.85
- Volume Rate of Change: -1.55% (indicating decreasing volume)
News & Sentiment Analysis
Recent Headlines Summary:
- No recent news available due to data limitations
Sentiment Assessment:
- Neutral sentiment, as there is no recent news available for analysis
Catalyst Identification:
- No upcoming events or announcements that could impact stock price
Market Narrative:
- Technical signals suggest a neutral trend, while low volatility and beta indicate low risk
Risk & Volatility Assessment
Risk Metrics:
- Beta: 0.07 (vs SPY) - indicating low risk
- Alpha: 0.00 - indicating no excess return
- Correlation: 0.34 - indicating moderate correlation with the market
- Stock Volatility: 0.03 - indicating low volatility Interpretation:
- Low volatility and beta indicate low risk
Options Market Signals:
- IV Premium vs HV30: N/A (positive = implied richer than realized) - suggesting no unusual options activity
Downside Protection:
- Support levels include the Lower Bollinger Band at $24.61
Market Context & Positioning
Sector Performance:
- Relative strength vs sector/market not available due to data limitations
Institutional Activity:
- No recent volume or institutional interest signals available due to data limitations
Correlation Analysis:
- Correlation with the market is moderate (0.34)
Relative Valuation:
- Stock price within a trading range, as indicated by technical indicators
Key Levels & Action Items
Critical Price Levels:
- Support: Lower Bollinger Band at $24.61
- Resistance: Upper Bollinger Band at $25.15
Breakout/Breakdown Levels:
- Break above the upper band could indicate a potential bullish move, while a break below the lower band could indicate a potential bearish move
Time-Sensitive Catalysts:
- No upcoming events or announcements that could impact stock price
Risk Management:
- Consider stop-loss levels near the Lower Bollinger Band at $24.61 to manage risk
MFSM Options Activity & IV Rank
Each spread is ranked by a composite score built in three stages. Full documentation →
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Calendars: the long leg is valued at the short leg’s expiration (Black-Scholes at its current IV) across the range of prices the short leg’s IV implies, giving the best-case profit (R/R = that over the debit) and P(profit).
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Scanning bull put, bear call, iron condor and calendar spreads…
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Loading the implied volatility surface…
Loading the implied volatility smile…
Risk Metrics
Analysis Details
Data Points: 251
Period: 252 trading days
Low volatility - stock moves less than market
MFSM Institutional Ownership (13F)
Filings for 2026-06-30 · 10 already for 2026-09-30Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
| # | Filer | Notional Value | % of Total | Period |
|---|
| # | Filer | Notional Value | % of Total | Period |
|---|
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| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
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