ActivePassive Intermediate Municipal Bond ETF (NYSEARCA:APMU – Get Free Report) was the recipient of a large decline in short interest in the month of September. As of September 15th, there was short interest totaling 4,431 shares, a decline of 76.0% from the August 31st total of 18,425 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 40,024 shares, the days-to-cover ratio is currently 0.1 days.
ActivePassive Intermediate Municipal Bond ETF Stock Performance
Shares of NYSEARCA APMU traded down $0.07 during trading hours on Friday, hitting $23.95. 26,699 shares of the company traded hands, compared to its average volume of 29,012. The company’s 50 day moving average price is $24.61 and its 200 day moving average price is $24.83. ActivePassive Intermediate Municipal Bond ETF has a 12 month low of $23.93 and a 12 month high of $25.99.
ActivePassive Intermediate Municipal Bond ETF Increases Dividend
The company also recently disclosed a monthly dividend, which was paid on Tuesday, August 4th. Shareholders of record on Monday, August 3rd were given a dividend of $0.0606 per share. This represents a $0.73 dividend on an annualized basis and a 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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