ActivePassive U.S. Equity ETF (NYSEARCA:APUE) Shares Shorted: Short Interest Up 165.9% in October

ActivePassive U.S. Equity ETF (NYSEARCA:APUE) was the recipient of a large growth in short interest in the month of October. As of October 30th, there was short interest totaling 51,190 shares, a growth of 165.9% from the October 15th total of 19,254 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 95,308 shares, the short-interest ratio is currently 0.5 days.

ActivePassive U.S. Equity ETF Stock Performance

NYSEARCA:APUE opened at $46.76 on Friday. The firm’s fifty day moving average is $47.17 and its 200-day moving average is $45.03. ActivePassive U.S. Equity ETF has a 52 week low of $38.77 and a 52 week high of $48.17. The firm has a market cap of $2.46 billion, a P/E ratio of 22.26 and a beta of 1.00.

Hedge Funds Weigh In On ActivePassive U.S. Equity ETF

A number of hedge funds have recently bought and sold shares of APUE. Wedbush Securities Inc. bought a new stake in ActivePassive U.S. Equity ETF during the third quarter valued at $4,012,000. Capital Asset Managemnet LLC grew its holdings in ActivePassive U.S. Equity ETF by 51.9% during the 3rd quarter. Capital Asset Managemnet LLC now owns 21,367 shares of the company’s stock worth $1,004,000 after acquiring an additional 7,303 shares during the period. Finally, Harbor Investment Advisory LLC bought a new position in shares of ActivePassive U.S. Equity ETF in the 2nd quarter worth about $176,000.

ActivePassive U.S. Equity ETF Company Profile

The ActivePassive U.S. Equity ETF (APUE) is an exchange-traded fund that is based on the CRSP US Large Cap index. The fund blends an active and passive management approach to build its portfolio. The fund aims to optimize costs, tracking and potentially produce higher returns by shifting exposure between active and passive investments in the broad US equity market APUE was launched on May 3, 2023 and is managed by Envestnet.