ActivePassive Intermediate Municipal Bond ETF (NYSEARCA:APMU – Get Free Report) was the recipient of a large drop in short interest in September. As of September 15th, there was short interest totaling 4,431 shares, a drop of 76.0% from the August 31st total of 18,425 shares. Based on an average daily trading volume, of 40,024 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.
ActivePassive Intermediate Municipal Bond ETF Price Performance
ActivePassive Intermediate Municipal Bond ETF stock traded down $0.07 during trading on Friday, reaching $23.95. The company had a trading volume of 26,699 shares, compared to its average volume of 29,012. The firm’s 50-day simple moving average is $24.61 and its 200 day simple moving average is $24.83. ActivePassive Intermediate Municipal Bond ETF has a 1-year low of $23.93 and a 1-year high of $25.99.
ActivePassive Intermediate Municipal Bond ETF Increases Dividend
The business also recently announced a monthly dividend, which was paid on Tuesday, August 4th. Stockholders of record on Monday, August 3rd were given a $0.0606 dividend. This represents a $0.73 annualized dividend and a dividend yield of 3.0%. This is a positive change from ActivePassive Intermediate Municipal Bond ETF’s previous monthly dividend of $0.0596. The ex-dividend date was Monday, August 3rd.
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.
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