ActivePassive Intermediate Municipal Bond ETF (NYSEARCA:APMU) Short Interest Update

ActivePassive Intermediate Municipal Bond ETF (NYSEARCA:APMU) was the recipient of a significant increase in short interest in August. As of August 31st, there was short interest totaling 18,425 shares, an increase of 943.3% from the August 15th total of 1,766 shares. Based on an average daily trading volume, of 27,623 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.2% of the shares of the stock are sold short.

ActivePassive Intermediate Municipal Bond ETF Stock Down 0.4%

Shares of APMU traded down $0.10 during mid-day trading on Thursday, reaching $24.38. 30,235 shares of the stock traded hands, compared to its average volume of 28,193. ActivePassive Intermediate Municipal Bond ETF has a 1 year low of $24.34 and a 1 year high of $25.99. The firm has a fifty day moving average price of $24.75 and a 200 day moving average price of $24.92.

ActivePassive Intermediate Municipal Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, August 4th. Stockholders of record on Monday, August 3rd were given a dividend of $0.0606 per share. This is a boost from ActivePassive Intermediate Municipal Bond ETF’s previous monthly dividend of $0.06. The ex-dividend date was Monday, August 3rd. This represents a c) dividend on an annualized basis and a dividend yield of 3.0%.

ActivePassive Intermediate Municipal Bond ETF Company Profile

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.