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

ActivePassive Intermediate Municipal Bond ETF (NYSEARCA:APMU) saw a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 5,680 shares, an increase of 2,391.2% from the April 30th total of 228 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 27,102 shares, the short-interest ratio is presently 0.2 days.

ActivePassive Intermediate Municipal Bond ETF Stock Up 0.1%

NYSEARCA:APMU traded up $0.02 during trading hours on Wednesday, hitting $24.91. 42,682 shares of the company were exchanged, compared to its average volume of 26,483. ActivePassive Intermediate Municipal Bond ETF has a 52-week low of $24.50 and a 52-week high of $25.99. The company’s 50 day moving average price is $24.94 and its 200-day moving average price is $25.12.

ActivePassive Intermediate Municipal Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, March 3rd. Shareholders of record on Monday, March 2nd were given a dividend of $0.0511 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) annualized dividend and a yield of 2.5%. This is a boost from ActivePassive Intermediate Municipal Bond ETF’s previous monthly dividend of $0.04.

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.