ActivePassive U.S. Equity ETF (NYSEARCA:APUE – Get Free Report) was the recipient of a significant drop in short interest during the month of July. As of July 15th, there was short interest totaling 7,560 shares, a drop of 89.1% from the June 30th total of 69,145 shares. Based on an average daily volume of 387,573 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are sold short.
Hedge Funds Weigh In On ActivePassive U.S. Equity ETF
Several institutional investors and hedge funds have recently modified their holdings of the stock. NewEdge Advisors LLC purchased a new stake in shares of ActivePassive U.S. Equity ETF in the first quarter worth about $58,000. JPMorgan Chase & Co. purchased a new position in ActivePassive U.S. Equity ETF during the third quarter valued at approximately $154,000. Finally, Harbor Investment Advisory LLC purchased a new position in ActivePassive U.S. Equity ETF during the second quarter valued at approximately $176,000.
ActivePassive U.S. Equity ETF Stock Performance
NYSEARCA APUE traded up $0.05 on Friday, reaching $45.67. 79,265 shares of the company’s stock traded hands, compared to its average volume of 130,427. ActivePassive U.S. Equity ETF has a fifty-two week low of $37.70 and a fifty-two week high of $46.64. The firm has a market cap of $2.39 billion, a price-to-earnings ratio of 23.42 and a beta of 1.00. The stock has a 50 day moving average price of $45.89 and a 200-day moving average price of $43.53.
ActivePassive U.S. Equity ETF Company Profile
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.
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