Short Interest in ActivePassive Intermediate Municipal Bond ETF (NYSEARCA:APMU) Rises By 2,391.2%

ActivePassive Intermediate Municipal Bond ETF (NYSEARCA:APMU) was the target of a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 5,680 shares, a growth of 2,391.2% from the April 30th total of 228 shares. Based on an average trading volume of 27,102 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the shares of the company are sold short.

ActivePassive Intermediate Municipal Bond ETF Trading Up 0.1%

Shares of NYSEARCA APMU opened at $24.91 on Thursday. ActivePassive Intermediate Municipal Bond ETF has a twelve month low of $24.50 and a twelve month high of $25.99. The business has a 50 day simple moving average of $24.94 and a 200-day simple moving average of $25.12.

ActivePassive Intermediate Municipal Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, March 3rd. Stockholders of record on Monday, March 2nd were issued a $0.0511 dividend. This is a positive change from ActivePassive Intermediate Municipal Bond ETF’s previous monthly dividend of $0.04. The ex-dividend date was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 2.5%.

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.