ActivePassive U.S. Equity ETF (NYSEARCA:APUE) Short Interest Up 1,383.2% in June

ActivePassive U.S. Equity ETF (NYSEARCA:APUE) was the target of a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 69,145 shares, a growth of 1,383.2% from the June 15th total of 4,662 shares. Based on an average trading volume of 94,197 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.1% of the company’s shares are sold short.

Hedge Funds Weigh In On ActivePassive U.S. Equity ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. NewEdge Advisors LLC acquired a new position in shares of ActivePassive U.S. Equity ETF in the 1st quarter valued at $58,000. JPMorgan Chase & Co. bought a new stake in shares of ActivePassive U.S. Equity ETF in the 3rd quarter valued at $154,000. Finally, Harbor Investment Advisory LLC acquired a new stake in ActivePassive U.S. Equity ETF during the 2nd quarter worth $176,000.

ActivePassive U.S. Equity ETF Stock Up 0.3%

NYSEARCA APUE traded up $0.14 during trading on Friday, reaching $46.57. 81,349 shares of the stock traded hands, compared to its average volume of 134,077. The firm has a market cap of $2.57 billion, a price-to-earnings ratio of 23.42 and a beta of 1.00. The stock’s 50-day moving average price is $45.68 and its 200 day moving average price is $43.24. ActivePassive U.S. Equity ETF has a fifty-two week low of $37.60 and a fifty-two week high of $46.64.

About ActivePassive U.S. Equity ETF

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.