ActivePassive U.S. Equity ETF (NYSEARCA:APUE) Sees Large Decline in Short Interest

ActivePassive U.S. Equity ETF (NYSEARCA:APUE) was the target of a large decrease in short interest in the month of July. As of July 15th, there was short interest totaling 7,560 shares, a decrease of 89.1% from the June 30th total of 69,145 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 387,573 shares, the short-interest ratio is presently 0.0 days.

ActivePassive U.S. Equity ETF Stock Up 0.1%

NYSEARCA APUE traded up $0.05 during mid-day trading on Friday, hitting $45.67. The stock had a trading volume of 79,265 shares, compared to its average volume of 130,427. The company has a 50 day simple moving average of $45.89 and a 200 day simple moving average of $43.54. The company has a market cap of $2.39 billion, a price-to-earnings ratio of 23.42 and a beta of 1.00. ActivePassive U.S. Equity ETF has a 52-week low of $37.70 and a 52-week high of $46.64.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. NewEdge Advisors LLC acquired a new position in shares of ActivePassive U.S. Equity ETF during the 1st quarter worth $58,000. JPMorgan Chase & Co. acquired a new stake in ActivePassive U.S. Equity ETF in the 3rd quarter valued at about $154,000. Finally, Harbor Investment Advisory LLC purchased a new position in ActivePassive U.S. Equity ETF during the 2nd quarter valued at about $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.