ActivePassive Intermediate Municipal Bond ETF (NYSEARCA:APMU – Get Free Report) was the recipient of a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 18,425 shares, an increase of 943.3% from the August 15th total of 1,766 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily volume of 27,623 shares, the days-to-cover ratio is presently 0.7 days.
ActivePassive Intermediate Municipal Bond ETF Stock Up 0.1%
Shares of ActivePassive Intermediate Municipal Bond ETF stock traded up $0.02 on Friday, hitting $24.40. The stock had a trading volume of 42,816 shares, compared to its average volume of 28,277. ActivePassive Intermediate Municipal Bond ETF has a one year low of $24.34 and a one year high of $25.99. The stock’s 50-day simple moving average is $24.74 and its two-hundred day simple moving average is $24.91.
ActivePassive Intermediate Municipal Bond ETF Increases Dividend
The company also recently declared 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 c) annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend was Monday, August 3rd. This is an increase from ActivePassive Intermediate Municipal Bond ETF’s previous monthly dividend of $0.06.
About ActivePassive Intermediate Municipal Bond ETF
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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