Short Interest in ActivePassive Intermediate Municipal Bond ETF (NYSEARCA:APMU) Declines By 46.9%

ActivePassive Intermediate Municipal Bond ETF (NYSEARCA:APMU) saw a large decline in short interest in the month of July. As of July 15th, there was short interest totaling 3,887 shares, a decline of 46.9% from the June 30th total of 7,315 shares. Based on an average trading volume of 67,246 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

ActivePassive Intermediate Municipal Bond ETF Stock Up 0.0%

ActivePassive Intermediate Municipal Bond ETF stock traded up $0.01 during trading hours on Friday, hitting $24.70. 10,488 shares of the stock traded hands, compared to its average volume of 28,168. The firm’s 50 day moving average price is $24.90 and its 200-day moving average price is $25.04. ActivePassive Intermediate Municipal Bond ETF has a 1 year low of $24.57 and a 1 year 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.