ActivePassive International Equity ETF (NYSEARCA:APIE) Sees Significant Decrease in Short Interest

ActivePassive International Equity ETF (NYSEARCA:APIE) was the recipient of a large drop in short interest in August. As of August 14th, there was short interest totaling 17,357 shares, a drop of 53.2% from the July 30th total of 37,088 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average trading volume of 47,778 shares, the short-interest ratio is currently 0.4 days.

Institutional Investors Weigh In On ActivePassive International Equity ETF

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

ActivePassive International Equity ETF Price Performance

Shares of ActivePassive International Equity ETF stock traded down $0.33 on Friday, hitting $39.45. 189,201 shares of the company’s stock traded hands, compared to its average volume of 65,639. The company has a fifty day moving average of $38.94 and a two-hundred day moving average of $37.91. ActivePassive International Equity ETF has a one year low of $33.59 and a one year high of $40.20. The company has a market capitalization of $1.15 billion, a price-to-earnings ratio of 16.03 and a beta of 0.69.

About ActivePassive International Equity ETF

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.