ActivePassive Intermediate Municipal Bond ETF (NYSEARCA:APMU) Sees Large Growth in Short Interest

ActivePassive Intermediate Municipal Bond ETF (NYSEARCA:APMU) saw a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 10,329 shares, an increase of 165.7% from the July 15th total of 3,887 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 19,813 shares, the days-to-cover ratio is presently 0.5 days.

ActivePassive Intermediate Municipal Bond ETF Stock Performance

NYSEARCA APMU traded up $0.03 during trading hours on Friday, hitting $24.81. 88,268 shares of the company’s stock traded hands, compared to its average volume of 27,859. ActivePassive Intermediate Municipal Bond ETF has a 52 week low of $24.57 and a 52 week high of $25.99. The business’s fifty day moving average price is $24.86 and its two-hundred day moving average price is $25.01.

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.