Short Interest in ActivePassive International Equity ETF (NYSEARCA:APIE) Decreases By 70.3%

ActivePassive International Equity ETF (NYSEARCA:APIE) was the recipient of a large decrease in short interest in June. As of June 30th, there was short interest totaling 15,513 shares, a decrease of 70.3% from the June 15th total of 52,183 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 49,902 shares, the short-interest ratio is presently 0.3 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in ActivePassive International Equity ETF stock. Harbor Investment Advisory LLC purchased a new stake in ActivePassive International Equity ETF (NYSEARCA:APIE) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,624 shares of the company’s stock, valued at approximately $63,000.

ActivePassive International Equity ETF Stock Up 0.1%

ActivePassive International Equity ETF stock traded up $0.02 during trading hours on Friday, hitting $38.86. 57,571 shares of the company traded hands, compared to its average volume of 67,288. ActivePassive International Equity ETF has a 1-year low of $32.37 and a 1-year high of $39.45. The firm has a market cap of $1.07 billion, a P/E ratio of 16.03 and a beta of 0.69. The firm’s 50-day simple moving average is $38.26 and its two-hundred day simple moving average is $37.34.

ActivePassive International Equity ETF Company Profile

The ActivePassive International Equity ETF (APIE) is an exchange-traded fund that is based on the S&P Classic ADR Composite index. The fund is an actively managed fund that utilizes a core and explore investment strategy in pursuing international equity exposure. The strategy blends passive and active approach to optimize cost, tracking and potential return over its benchmark index. APIE was launched on May 3, 2023 and is managed by Envestnet.