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

ActivePassive International Equity ETF (NYSEARCA:APIE) was the target of a significant drop in short interest in June. As of June 30th, there was short interest totaling 15,513 shares, a drop of 70.3% from the June 15th total of 52,183 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 49,902 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Trading of ActivePassive International Equity ETF

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

ActivePassive International Equity ETF Price Performance

APIE stock traded down $0.47 during midday trading on Monday, reaching $38.39. The company had a trading volume of 31,561 shares, compared to its average volume of 67,002. The firm has a 50-day moving average price of $38.26 and a 200-day moving average price of $37.34. The company has a market capitalization of $1.06 billion, a P/E ratio of 16.03 and a beta of 0.69. ActivePassive International Equity ETF has a 1 year low of $32.37 and a 1 year high of $39.45.

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.