ActivePassive Intermediate Municipal Bond ETF (NYSEARCA:APMU) Short Interest Up 2,391.2% in May

ActivePassive Intermediate Municipal Bond ETF (NYSEARCA:APMU) was the target of a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 5,680 shares, a growth of 2,391.2% from the April 30th total of 228 shares. Based on an average daily volume of 27,102 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the shares of the company are sold short.

ActivePassive Intermediate Municipal Bond ETF Trading Up 0.3%

ActivePassive Intermediate Municipal Bond ETF stock traded up $0.07 during midday trading on Friday, reaching $25.01. 8,770 shares of the company’s stock were exchanged, compared to its average volume of 26,230. ActivePassive Intermediate Municipal Bond ETF has a 52 week low of $24.50 and a 52 week high of $25.99. The stock’s 50-day simple moving average is $24.93 and its 200 day simple moving average is $25.12.

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.