Short Interest in ActivePassive U.S. Equity ETF (NYSEARCA:APUE) Increases By 320.1%

ActivePassive U.S. Equity ETF (NYSEARCA:APUE) saw a large growth in short interest in July. As of July 31st, there was short interest totaling 31,762 shares, a growth of 320.1% from the July 15th total of 7,560 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 73,695 shares, the days-to-cover ratio is currently 0.4 days.

ActivePassive U.S. Equity ETF Price Performance

Shares of ActivePassive U.S. Equity ETF stock opened at $48.01 on Friday. ActivePassive U.S. Equity ETF has a one year low of $38.64 and a one year high of $48.17. The firm has a market capitalization of $2.52 billion, a price-to-earnings ratio of 23.42 and a beta of 1.00. The business has a 50-day simple moving average of $46.24 and a 200 day simple moving average of $44.02.

Institutional Investors Weigh In On ActivePassive U.S. Equity ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. NewEdge Advisors LLC lifted its holdings in shares of ActivePassive U.S. Equity ETF by 1,622.9% in the 4th quarter. NewEdge Advisors LLC now owns 29,221 shares of the company’s stock worth $1,218,000 after purchasing an additional 27,525 shares in the last quarter. Harbor Investment Advisory LLC bought a new stake in ActivePassive U.S. Equity ETF during the 2nd quarter valued at $176,000. Finally, JPMorgan Chase & Co. bought a new stake in ActivePassive U.S. Equity ETF during the 3rd quarter valued at $154,000.

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.