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

ActivePassive Intermediate Municipal Bond ETF (NYSEARCA:APMU) saw a significant decrease in short interest in April. As of April 30th, there was short interest totaling 228 shares, a decrease of 98.0% from the April 15th total of 11,616 shares. Based on an average trading volume of 22,455 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the company’s shares are short sold.

ActivePassive Intermediate Municipal Bond ETF Stock Performance

Shares of NYSEARCA:APMU remained flat at $24.94 during midday trading on Tuesday. 22,661 shares of the company traded hands, compared to its average volume of 25,865. The firm has a fifty day moving average price of $25.03 and a two-hundred day moving average price of $25.14. ActivePassive Intermediate Municipal Bond ETF has a 1-year low of $24.49 and a 1-year high of $25.99.

ActivePassive Intermediate Municipal Bond ETF Increases Dividend

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

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.