ActivePassive Intermediate Municipal Bond ETF (NYSEARCA:APMU) Short Interest Down 98.0% in April

ActivePassive Intermediate Municipal Bond ETF (NYSEARCA:APMU) saw a large decrease in short interest during the month of April. As of April 30th, there was short interest totaling 228 shares, a decrease of 98.0% from the April 15th total of 11,616 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 22,455 shares, the days-to-cover ratio is currently 0.0 days.

ActivePassive Intermediate Municipal Bond ETF Stock Performance

Shares of ActivePassive Intermediate Municipal Bond ETF stock opened at $24.93 on Wednesday. ActivePassive Intermediate Municipal Bond ETF has a one year low of $24.49 and a one year high of $25.99. The firm has a fifty day moving average of $25.02 and a two-hundred day moving average of $25.14.

ActivePassive Intermediate Municipal Bond ETF Increases Dividend

The company also recently disclosed 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. This represents a c) dividend on an annualized basis and a yield of 2.5%. The ex-dividend date was Monday, March 2nd. This is an increase from ActivePassive Intermediate Municipal Bond ETF’s previous monthly dividend of $0.04.

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.