ActivePassive International Equity ETF (NYSEARCA:APIE) Short Interest Up 193.6% in May

ActivePassive International Equity ETF (NYSEARCA:APIE) was the target of a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 29,164 shares, a growth of 193.6% from the April 30th total of 9,932 shares. Based on an average trading volume of 67,496 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.1% of the company’s shares are sold short.

ActivePassive International Equity ETF Price Performance

APIE traded down $0.17 on Friday, reaching $38.28. 28,420 shares of the company traded hands, compared to its average volume of 56,395. The stock’s 50 day moving average price is $36.99 and its 200-day moving average price is $36.83. ActivePassive International Equity ETF has a 52-week low of $30.16 and a 52-week high of $39.06. The company has a market cap of $1.03 billion, a price-to-earnings ratio of 16.03 and a beta of 0.72.

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.