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

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

ActivePassive Intermediate Municipal Bond ETF Trading Down 0.4%

Shares of APMU stock traded down $0.10 during trading hours on Thursday, hitting $24.38. 30,235 shares of the company were exchanged, compared to its average volume of 28,193. The firm has a fifty day simple moving average of $24.75 and a 200 day simple moving average of $24.92. ActivePassive Intermediate Municipal Bond ETF has a 52-week low of $24.34 and a 52-week high of $25.99.

ActivePassive Intermediate Municipal Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, August 4th. Investors of record on Monday, August 3rd were issued a $0.0606 dividend. 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. This represents a c) annualized dividend and a yield of 3.0%.

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.