Short Interest in ActivePassive International Equity ETF (NYSEARCA:APIE) Declines By 70.3%

ActivePassive International Equity ETF (NYSEARCA:APIE) saw a significant decline in short interest during the month of June. As of June 30th, there was short interest totaling 15,513 shares, a decline of 70.3% from the June 15th total of 52,183 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 49,902 shares, the short-interest ratio is presently 0.3 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in ActivePassive International Equity ETF stock. Harbor Investment Advisory LLC purchased a new position in ActivePassive International Equity ETF (NYSEARCA:APIE) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,624 shares of the company’s stock, valued at approximately $63,000.

ActivePassive International Equity ETF Price Performance

Shares of NYSEARCA APIE traded up $0.02 during midday trading on Friday, hitting $38.86. 57,571 shares of the company’s stock were exchanged, compared to its average volume of 67,288. ActivePassive International Equity ETF has a twelve month low of $32.37 and a twelve month high of $39.45. The firm has a market cap of $1.07 billion, a P/E ratio of 16.03 and a beta of 0.69. The stock’s 50 day moving average price is $38.26 and its 200-day moving average price is $37.34.

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.