ActivePassive Intermediate Municipal Bond ETF (NYSEARCA:APMU) Sees Significant Increase in Short Interest

ActivePassive Intermediate Municipal Bond ETF (NYSEARCA:APMU) was the target of a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 10,329 shares, a growth of 165.7% from the July 15th total of 3,887 shares. Based on an average daily trading volume, of 19,813 shares, the short-interest ratio is presently 0.5 days. Approximately 0.1% of the company’s shares are short sold.

ActivePassive Intermediate Municipal Bond ETF Price Performance

APMU stock opened at $24.78 on Friday. ActivePassive Intermediate Municipal Bond ETF has a twelve month low of $24.57 and a twelve month high of $25.99. The business’s fifty day moving average is $24.86 and its 200-day moving average is $25.01.

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.