Short Interest in ActivePassive U.S. Equity ETF (NYSEARCA:APUE) Increases By 109.6%

ActivePassive U.S. Equity ETF (NYSEARCA:APUE) was the recipient of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 36,115 shares, an increase of 109.6% from the August 15th total of 17,234 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 138,579 shares, the days-to-cover ratio is presently 0.3 days.

ActivePassive U.S. Equity ETF Stock Performance

NYSEARCA:APUE traded down $0.10 during mid-day trading on Monday, hitting $46.94. The stock had a trading volume of 29,797 shares, compared to its average volume of 124,541. ActivePassive U.S. Equity ETF has a twelve month low of $38.77 and a twelve month high of $48.17. The stock has a market cap of $2.46 billion, a price-to-earnings ratio of 23.42 and a beta of 1.00. The company’s 50 day simple moving average is $46.88 and its 200 day simple moving average is $44.74.

Institutional Investors Weigh In On ActivePassive U.S. Equity ETF

Large investors have recently added to or reduced their stakes in the business. NewEdge Advisors LLC raised its position 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 during the period. JPMorgan Chase & Co. acquired a new stake in ActivePassive U.S. Equity ETF during the 3rd quarter worth approximately $154,000. Finally, Harbor Investment Advisory LLC acquired a new position in ActivePassive U.S. Equity ETF in the 2nd quarter valued at $176,000.

About ActivePassive U.S. Equity ETF

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.