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

ActivePassive Intermediate Municipal Bond ETF (NYSEARCA:APMU) was the target of a significant decrease in short interest in the month of July. As of July 15th, there was short interest totaling 3,887 shares, a decrease of 46.9% from the June 30th total of 7,315 shares. Based on an average trading volume of 67,246 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are sold short.

ActivePassive Intermediate Municipal Bond ETF Price Performance

APMU stock traded down $0.04 during midday trading on Wednesday, reaching $24.68. The stock had a trading volume of 7,772 shares, compared to its average volume of 28,438. The business has a fifty day simple moving average of $24.90 and a two-hundred day simple moving average of $25.05. ActivePassive Intermediate Municipal Bond ETF has a twelve month low of $24.57 and a twelve month high of $25.99.

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.