ActivePassive Intermediate Municipal Bond ETF (NYSEARCA:APMU) Stock Short Interest Jumps 144.1%

ActivePassive Intermediate Municipal Bond ETF (NYSEARCA:APMU) saw a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 10,815 shares, an increase of 144.1% from the September 15th total of 4,431 shares. Based on an average daily trading volume, of 38,861 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the company’s shares are sold short.

ActivePassive Intermediate Municipal Bond ETF Price Performance

ActivePassive Intermediate Municipal Bond ETF stock opened at $24.13 on Thursday. ActivePassive Intermediate Municipal Bond ETF has a 52-week low of $23.76 and a 52-week high of $25.99. The firm has a fifty day moving average of $24.43 and a 200-day moving average of $24.74.

ActivePassive Intermediate Municipal Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, October 2nd. Investors of record on Thursday, October 1st were issued a dividend of $0.0321 per share. This represents a $0.39 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Thursday, October 1st. This is a positive change from ActivePassive Intermediate Municipal Bond ETF’s previous monthly dividend of $0.0257.

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.