ActivePassive U.S. Equity ETF (NYSEARCA:APUE) Short Interest Down 89.1% in July

ActivePassive U.S. Equity ETF (NYSEARCA:APUE) was the target of a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 7,560 shares, a drop of 89.1% from the June 30th total of 69,145 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 387,573 shares, the days-to-cover ratio is currently 0.0 days.

ActivePassive U.S. Equity ETF Stock Up 0.1%

Shares of NYSEARCA:APUE traded up $0.05 during trading on Friday, hitting $45.67. 79,265 shares of the stock traded hands, compared to its average volume of 130,427. The company has a fifty day moving average price of $45.89 and a two-hundred day moving average price of $43.53. ActivePassive U.S. Equity ETF has a 52-week low of $37.70 and a 52-week high of $46.64. The company has a market cap of $2.39 billion, a price-to-earnings ratio of 23.42 and a beta of 1.00.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in APUE. NewEdge Advisors LLC purchased a new position in ActivePassive U.S. Equity ETF in the first quarter valued at $58,000. JPMorgan Chase & Co. purchased a new stake in shares of ActivePassive U.S. Equity ETF during the 3rd quarter worth about $154,000. Finally, Harbor Investment Advisory LLC purchased a new stake in shares of ActivePassive U.S. Equity ETF during the 2nd quarter worth about $176,000.

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.