The Afterpay (ASX:APT) share price is up almost 20% this month

The Afterpay Ltd (ASX: APT) share price has made a strong rebound in April following a significant underperformance in late-February and March. 

Why the Afterpay share price is bouncing back this month 

The Afterpay share price hit a one-month high of $123.99 this morning, or a 23% increase this month before cooling down to around $121.85 at the time of writing. That’s a gain of 17.8% this month.

Interestingly, the company has not announced any market sensitive news or catalysts this month that could otherwise drive the share price. 

The improvement in the Afterpay share price could be seen as a broader rally in tech shares after a brutal sell-off in late-February. The S&P/ASX Information Technology (INDEXASX: XIJ) is up…