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

ActivePassive Intermediate Municipal Bond ETF (NYSEARCA:APMU) was the recipient of a significant drop in short interest during the month of July. As of July 15th, there was short interest totaling 3,887 shares, a drop of 46.9% from the June 30th total of 7,315 shares. Based on an average trading volume of 67,246 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are short sold.

ActivePassive Intermediate Municipal Bond ETF Price Performance

APMU traded down $0.04 during trading on Wednesday, reaching $24.68. 7,772 shares of the company’s stock were exchanged, compared to its average volume of 28,438. The company’s fifty day moving average price is $24.90 and its 200-day moving average price is $25.05. ActivePassive Intermediate Municipal Bond ETF has a fifty-two week low of $24.57 and a fifty-two week high of $25.99.

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.