ActivePassive Intermediate Municipal Bond ETF (NYSEARCA:APMU) Short Interest Up ∞ in June

ActivePassive Intermediate Municipal Bond ETF (NYSEARCA:APMU) was the target of a large increase in short interest in June. As of June 15th, there was short interest totaling 4,581 shares, an increase of ∞ from the May 31st total of 0 shares. Based on an average daily volume of 25,770 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the shares of the company are sold short.

ActivePassive Intermediate Municipal Bond ETF Price Performance

Shares of NYSEARCA APMU traded down $0.06 during midday trading on Thursday, reaching $24.97. 3,484 shares of the stock were exchanged, compared to its average volume of 25,608. The firm has a 50-day simple moving average of $24.94 and a two-hundred day simple moving average of $25.09. ActivePassive Intermediate Municipal Bond ETF has a twelve month low of $24.70 and a twelve month high of $25.99.

About ActivePassive Intermediate Municipal Bond ETF

The ActivePassive Intermediate Municipal Bond ETF (APMU) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that blends active and passive investment strategies to provide current income exempt from federal taxes consistent with low volatility of principal. The ETF uses a portfolio of mostly investment grade municipal bonds, with a dollar-weighted average maturity of more than three but less than ten years. APMU was launched on May 3, 2023 and is managed by Envestnet.