Short Interest in ActivePassive Intermediate Municipal Bond ETF (NYSEARCA:APMU) Expands By 2,391.2%

by · The Cerbat Gem

ActivePassive Intermediate Municipal Bond ETF (NYSEARCA:APMU – Get Free Report) was the target of a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 5,680 shares, a growth of 2,391.2% from the April 30th total of 228 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average trading volume of 27,102 shares, the short-interest ratio is currently 0.2 days.

ActivePassive Intermediate Municipal Bond ETF Stock Up 0.1%

Shares of APMU stock traded up $0.02 during trading hours on Wednesday, hitting $24.91. The company’s stock had a trading volume of 42,682 shares, compared to its average volume of 26,483. The company has a 50 day moving average of $24.94 and a 200 day moving average of $25.12. ActivePassive Intermediate Municipal Bond ETF has a 12-month low of $24.50 and a 12-month high of $25.99.

ActivePassive Intermediate Municipal Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, March 3rd. Investors of record on Monday, March 2nd were given 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) annualized dividend and a yield of 2.5%. The ex-dividend date was Monday, March 2nd.

About ActivePassive Intermediate Municipal Bond ETF

(Get Free Report)

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.

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