ActivePassive Intermediate Municipal Bond ETF (NYSEARCA:APMU) Sees Significant Growth in Short Interest

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

ActivePassive Intermediate Municipal Bond ETF Price Performance

Shares of APMU traded up $0.05 during mid-day trading on Friday, hitting $24.43. 26,745 shares of the company’s stock were exchanged, compared to its average volume of 28,120. ActivePassive Intermediate Municipal Bond ETF has a 52 week low of $24.34 and a 52 week high of $25.99. The company has a 50-day simple moving average of $24.75 and a 200 day simple moving average of $24.92.

ActivePassive Intermediate Municipal Bond ETF Increases Dividend

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