ActivePassive Intermediate Municipal Bond ETF (NYSEARCA:APMU) Stock Short Interest Declines 76.0%

ActivePassive Intermediate Municipal Bond ETF (NYSEARCA:APMU) saw a significant decline in short interest in September. As of September 15th, there was short interest totaling 4,431 shares, a decline of 76.0% from the August 31st total of 18,425 shares. Based on an average daily trading volume, of 40,024 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are short sold.

ActivePassive Intermediate Municipal Bond ETF Trading Down 0.3%

Shares of APMU stock traded down $0.07 during mid-day trading on Friday, hitting $23.95. 26,699 shares of the stock were exchanged, compared to its average volume of 29,012. ActivePassive Intermediate Municipal Bond ETF has a 52-week low of $23.93 and a 52-week high of $25.99. The firm has a fifty day moving average of $24.61 and a 200 day moving average of $24.83.

ActivePassive Intermediate Municipal Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, August 4th. Shareholders of record on Monday, August 3rd were given a dividend of $0.0606 per share. This is an increase from ActivePassive Intermediate Municipal Bond ETF’s previous monthly dividend of $0.0596. This represents a $0.73 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date was Monday, August 3rd.

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.