ActivePassive International Equity ETF (NYSEARCA:APIE) Short Interest Down 54.4% in December

ActivePassive International Equity ETF (NYSEARCA:APIE) was the target of a significant decline in short interest in December. As of December 31st, there was short interest totaling 36,962 shares, a decline of 54.4% from the December 15th total of 81,024 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 65,769 shares, the days-to-cover ratio is presently 0.6 days. Based on an average daily volume of 65,769 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.1% of the shares of the stock are short sold.

ActivePassive International Equity ETF Trading Up 0.3%

ActivePassive International Equity ETF stock traded up $0.10 during trading hours on Thursday, reaching $37.12. 40,882 shares of the stock were exchanged, compared to its average volume of 54,368. ActivePassive International Equity ETF has a twelve month low of $26.18 and a twelve month high of $37.42. The company has a market cap of $978.11 million, a P/E ratio of 16.03 and a beta of 0.68. The stock has a 50 day moving average of $36.10 and a two-hundred day moving average of $35.11.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in ActivePassive International Equity ETF stock. Wedbush Securities Inc. raised its position in shares of ActivePassive International Equity ETF (NYSEARCA:APIE) by 33.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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 at the end of the most recent reporting period.

ActivePassive International Equity ETF Company Profile

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.