ActivePassive International Equity ETF (NYSEARCA:APIE) Shares Shorted: Short Interest Up 3,294.1% in October

ActivePassive International Equity ETF (NYSEARCA:APIE) was the target of a significant growth in short interest during the month of October. As of October 30th, there was short interest totaling 15,477 shares, a growth of 3,294.1% from the October 15th total of 456 shares. Based on an average daily volume of 43,222 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.1% of the shares of the stock are short sold.

ActivePassive International Equity ETF Price Performance

Shares of APIE stock traded down $0.11 on Tuesday, reaching $38.21. 83,494 shares of the stock were exchanged, compared to its average volume of 62,631. The stock has a 50 day moving average price of $38.59 and a 200 day moving average price of $38.07. The stock has a market cap of $1.13 billion, a PE ratio of 15.94 and a beta of 0.70. ActivePassive International Equity ETF has a one year low of $34.00 and a one year high of $40.20.

Institutional Investors Weigh In On ActivePassive International Equity ETF

An institutional investor recently bought a new stake in ActivePassive International Equity ETF stock. Wedbush Securities Inc. bought a new position in shares of ActivePassive International Equity ETF (NYSEARCA:APIE) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 47,466 shares of the company’s stock, valued at approximately $1,826,000. Wedbush Securities Inc. owned 0.16% of ActivePassive International Equity ETF at the end of the most recent quarter.

About ActivePassive International Equity ETF

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.