ActivePassive Core Bond ETF (NYSEARCA:APCB) Sees Significant Drop in Short Interest

ActivePassive Core Bond ETF (NYSEARCA:APCB) was the recipient of a large decline in short interest in May. As of May 29th, there was short interest totaling 2,467 shares, a decline of 96.5% from the May 14th total of 71,025 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 58,429 shares, the short-interest ratio is presently 0.0 days.

ActivePassive Core Bond ETF Price Performance

NYSEARCA APCB traded up $0.09 during midday trading on Tuesday, hitting $29.26. The company had a trading volume of 83,309 shares, compared to its average volume of 60,829. The firm has a 50-day moving average price of $29.40 and a 200-day moving average price of $29.63. ActivePassive Core Bond ETF has a twelve month low of $29.00 and a twelve month high of $30.18.

Hedge Funds Weigh In On ActivePassive Core Bond ETF

An institutional investor recently raised its position in ActivePassive Core Bond ETF stock. Wedbush Securities Inc. raised its stake in ActivePassive Core Bond ETF (NYSEARCA:APCB) by 4.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,827 shares of the company’s stock after acquiring an additional 2,689 shares during the period. Wedbush Securities Inc. owned approximately 0.21% of ActivePassive Core Bond ETF worth $1,904,000 at the end of the most recent quarter.

ActivePassive Core Bond ETF Company Profile

The ActivePassive Core Bond ETF (APCB) is an exchange-traded fund that is based on the Bloomberg U.S. Aggregate Bond index. The fund is an actively managed fund that blends active and passive investment strategies. The fund seeks to provide current income with low volatility of principal APCB was launched on May 3, 2023 and is managed by Envestnet.