ActivePassive International Equity ETF (NYSEARCA:APIE) Sees Large Drop in Short Interest

ActivePassive International Equity ETF (NYSEARCA:APIE) was the recipient of a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 17,357 shares, a decline of 53.2% from the July 30th total of 37,088 shares. Based on an average daily trading volume, of 47,778 shares, the short-interest ratio is presently 0.4 days. Approximately 0.1% of the shares of the company are short sold.

Institutional Investors Weigh In On ActivePassive International Equity ETF

A hedge fund recently bought a new position in ActivePassive International Equity ETF stock. Harbor Investment Advisory LLC acquired a new position in ActivePassive International Equity ETF (NYSEARCA:APIE) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,624 shares of the company’s stock, valued at approximately $63,000.

ActivePassive International Equity ETF Stock Performance

NYSEARCA APIE traded down $0.33 during trading on Friday, hitting $39.45. 189,201 shares of the company’s stock traded hands, compared to its average volume of 65,639. The stock has a market capitalization of $1.15 billion, a price-to-earnings ratio of 16.03 and a beta of 0.69. The business has a 50 day moving average of $38.94 and a 200-day moving average of $37.91. ActivePassive International Equity ETF has a 12-month low of $33.59 and a 12-month high of $40.20.

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.