ActivePassive Intermediate Municipal Bond ETF (NYSEARCA:APMU) Shares Shorted: Short Interest Down 79.6% in October

ActivePassive Intermediate Municipal Bond ETF (NYSEARCA:APMU) was the recipient of a significant decrease in short interest in October. As of October 15th, there was short interest totaling 2,202 shares, a decrease of 79.6% from the September 30th total of 10,815 shares. Based on an average trading volume of 31,513 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

ActivePassive Intermediate Municipal Bond ETF Price Performance

Shares of NYSEARCA APMU opened at $24.56 on Tuesday. ActivePassive Intermediate Municipal Bond ETF has a twelve month low of $23.76 and a twelve month high of $25.99. The business’s 50 day moving average price is $24.38 and its two-hundred day moving average price is $24.87.

ActivePassive Intermediate Municipal Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, October 2nd. Shareholders of record on Thursday, October 1st were issued a dividend of $0.0321 per share. The ex-dividend date of this dividend was Thursday, October 1st. This represents a $0.39 annualized dividend and a yield of 1.6%. This is a positive change from ActivePassive Intermediate Municipal Bond ETF’s previous monthly dividend of $0.0257.

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.