ActivePassive U.S. Equity ETF (NYSEARCA:APUE) Short Interest Update

ActivePassive U.S. Equity ETF (NYSEARCA:APUE) was the recipient of a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 17,234 shares, a decline of 45.7% from the July 30th total of 31,762 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 82,839 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Trading of ActivePassive U.S. Equity ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC lifted its stake 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 acquiring an additional 27,525 shares during the period. Harbor Investment Advisory LLC purchased a new position in ActivePassive U.S. Equity ETF in the second quarter valued at about $176,000. Finally, JPMorgan Chase & Co. acquired a new stake in shares of ActivePassive U.S. Equity ETF in the 3rd quarter worth approximately $154,000.

ActivePassive U.S. Equity ETF Stock Performance

Shares of NYSEARCA:APUE traded down $0.35 during trading hours on Tuesday, reaching $46.98. The stock had a trading volume of 25,950 shares, compared to its average volume of 125,281. The stock has a market capitalization of $2.46 billion, a price-to-earnings ratio of 23.42 and a beta of 1.00. The firm’s 50 day moving average is $46.62 and its 200-day moving average is $44.42. ActivePassive U.S. Equity ETF has a 1 year low of $38.77 and a 1 year high of $48.17.

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.