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

ActivePassive Intermediate Municipal Bond ETF (NYSEARCA:APMU) saw a significant decline in short interest in the month of September. As of September 15th, there was short interest totaling 4,431 shares, a decline of 76.0% from the August 31st total of 18,425 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 40,024 shares, the days-to-cover ratio is presently 0.1 days.

ActivePassive Intermediate Municipal Bond ETF Trading Down 0.5%

Shares of APMU traded down $0.11 during midday trading on Monday, hitting $23.84. 38,492 shares of the stock were exchanged, compared to its average volume of 29,063. ActivePassive Intermediate Municipal Bond ETF has a 52-week low of $23.81 and a 52-week high of $25.99. The stock has a fifty day simple moving average of $24.61 and a 200 day simple moving average of $24.83.

ActivePassive Intermediate Municipal Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, August 4th. Shareholders of record on Monday, August 3rd were given a $0.0606 dividend. The ex-dividend date of this dividend was Monday, August 3rd. This represents a $0.73 annualized dividend and a yield of 3.0%. This is an increase from ActivePassive Intermediate Municipal Bond ETF’s previous monthly dividend of $0.0596.

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.