Short Interest in ActivePassive International Equity ETF (NYSEARCA:APIE) Drops By 53.2%

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

Hedge Funds 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 bought a new position in ActivePassive International Equity ETF (NYSEARCA:APIE) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 1,624 shares of the company’s stock, valued at approximately $63,000.

ActivePassive International Equity ETF Trading Down 0.8%

APIE stock traded down $0.33 during midday trading on Friday, hitting $39.45. The stock had a trading volume of 189,201 shares, compared to its average volume of 65,639. The firm has a market cap of $1.15 billion, a P/E ratio of 16.03 and a beta of 0.69. ActivePassive International Equity ETF has a 1-year low of $33.59 and a 1-year high of $40.20. The business has a fifty day moving average price of $38.94 and a two-hundred day moving average price of $37.91.

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.