Short Interest in ActivePassive Intermediate Municipal Bond ETF (NYSEARCA:APMU) Drops By 82.9%

ActivePassive Intermediate Municipal Bond ETF (NYSEARCA:APMU) was the recipient of a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 1,766 shares, a decrease of 82.9% from the July 30th total of 10,329 shares. Based on an average daily volume of 23,430 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

ActivePassive Intermediate Municipal Bond ETF Stock Performance

APMU stock traded down $0.02 during trading on Thursday, hitting $24.78. The company had a trading volume of 19,977 shares, compared to its average volume of 27,561. The business has a 50 day moving average of $24.83 and a 200 day moving average of $24.98. ActivePassive Intermediate Municipal Bond ETF has a fifty-two week low of $24.57 and a fifty-two week high of $25.99.

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.