ActivePassive International Equity ETF (NYSEARCA:APIE) Short Interest Update

ActivePassive International Equity ETF (NYSEARCA:APIE) was the target of a significant decrease in short interest during the month of February. As of February 27th, there was short interest totaling 12,160 shares, a decrease of 79.3% from the February 12th total of 58,774 shares. Based on an average daily volume of 56,046 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the shares of the company are short sold. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 56,046 shares, the days-to-cover ratio is presently 0.2 days.

ActivePassive International Equity ETF Stock Down 2.5%

NYSEARCA:APIE traded down $0.93 during midday trading on Thursday, reaching $35.57. The stock had a trading volume of 60,673 shares, compared to its average volume of 54,306. The stock has a market cap of $942.61 million, a P/E ratio of 16.03 and a beta of 0.68. ActivePassive International Equity ETF has a 12-month low of $26.18 and a 12-month high of $39.06. The firm has a fifty day simple moving average of $37.43 and a two-hundred day simple moving average of $36.26.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in ActivePassive International Equity ETF stock. Wedbush Securities Inc. increased its position in shares of ActivePassive International Equity ETF (NYSEARCA:APIE) by 33.7% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 45,843 shares of the company’s stock after purchasing an additional 11,559 shares during the period. Wedbush Securities Inc. owned approximately 0.18% of ActivePassive International Equity ETF worth $1,527,000 as of its most recent SEC filing.

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.