Short Interest in ActivePassive International Equity ETF (NYSEARCA:APIE) Rises By 193.6%

ActivePassive International Equity ETF (NYSEARCA:APIE) saw a significant increase in short interest in May. As of May 15th, there was short interest totaling 29,164 shares, an increase of 193.6% from the April 30th total of 9,932 shares. Based on an average daily trading volume, of 67,496 shares, the short-interest ratio is currently 0.4 days. Approximately 0.1% of the company’s stock are sold short.

ActivePassive International Equity ETF Stock Performance

Shares of APIE stock traded down $0.17 during mid-day trading on Friday, hitting $38.28. 28,420 shares of the stock were exchanged, compared to its average volume of 56,395. The stock’s fifty day simple moving average is $36.99 and its two-hundred day simple moving average is $36.83. The stock has a market capitalization of $1.03 billion, a price-to-earnings ratio of 16.03 and a beta of 0.72. ActivePassive International Equity ETF has a 12-month low of $30.16 and a 12-month high of $39.06.

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.