ActivePassive U.S. Equity ETF (NYSEARCA:APUE – Get Free Report) was the target of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 69,145 shares, a growth of 1,383.2% from the June 15th total of 4,662 shares. Based on an average daily trading volume, of 94,197 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.1% of the shares of the stock are sold short.
ActivePassive U.S. Equity ETF Trading Up 0.3%
NYSEARCA APUE traded up $0.14 on Friday, hitting $46.57. 81,349 shares of the company were exchanged, compared to its average volume of 134,077. The firm has a 50 day moving average of $45.68 and a two-hundred day moving average of $43.24. The company has a market cap of $2.57 billion, a P/E ratio of 23.42 and a beta of 1.00. ActivePassive U.S. Equity ETF has a 1-year low of $37.60 and a 1-year high of $46.64.
Hedge Funds Weigh In On ActivePassive U.S. Equity ETF
A number of large investors have recently modified their holdings of the stock. NewEdge Advisors LLC increased its holdings in shares of ActivePassive U.S. Equity ETF by 1,622.9% in the fourth quarter. NewEdge Advisors LLC now owns 29,221 shares of the company’s stock valued at $1,218,000 after purchasing an additional 27,525 shares in the last quarter. Harbor Investment Advisory LLC bought a new position in ActivePassive U.S. Equity ETF in the 2nd quarter worth approximately $176,000. Finally, JPMorgan Chase & Co. bought a new position in ActivePassive U.S. Equity ETF in the 3rd quarter worth approximately $154,000.
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.
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