ActivePassive Core Bond ETF (NYSEARCA:APCB) Shares Shorted: Short Interest Up 74.8% in September

ActivePassive Core Bond ETF (NYSEARCA:APCB) was the target of a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 12,264 shares, a growth of 74.8% from the August 31st total of 7,016 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 66,399 shares, the days-to-cover ratio is presently 0.2 days.

ActivePassive Core Bond ETF Stock Performance

Shares of APCB opened at $28.15 on Friday. The company’s 50 day simple moving average is $28.77 and its 200-day simple moving average is $29.15. ActivePassive Core Bond ETF has a 12-month low of $28.00 and a 12-month high of $30.18.

ActivePassive Core Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, October 2nd. Investors of record on Thursday, October 1st will be paid a dividend of $0.0255 per share. The ex-dividend date is Thursday, October 1st. This represents a $0.31 dividend on an annualized basis and a yield of 1.1%. This is a decrease from ActivePassive Core Bond ETF’s previous monthly dividend of $0.0765.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in ActivePassive Core Bond ETF stock. Harbor Investment Advisory LLC purchased a new position in shares of ActivePassive Core Bond ETF (NYSEARCA:APCB) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 3,171 shares of the company’s stock, valued at approximately $93,000.

About ActivePassive Core Bond ETF

The ActivePassive Core Bond ETF (APCB) is an exchange-traded fund that is based on the Bloomberg U.S. Aggregate Bond index. The fund is an actively managed fund that blends active and passive investment strategies. The fund seeks to provide current income with low volatility of principal APCB was launched on May 3, 2023 and is managed by Envestnet.