Short Interest in ActivePassive U.S. Equity ETF (NYSEARCA:APUE) Declines By 90.4%

ActivePassive U.S. Equity ETF (NYSEARCA:APUE) was the recipient of a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 4,662 shares, a decline of 90.4% from the May 31st total of 48,601 shares. Based on an average trading volume of 88,395 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are short sold.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in ActivePassive U.S. Equity ETF stock. NewEdge Advisors LLC bought a new position in shares of ActivePassive U.S. Equity ETF (NYSEARCA:APUE) during the 1st quarter, according to its most recent disclosure with the SEC. The fund bought 1,696 shares of the company’s stock, valued at approximately $58,000.

ActivePassive U.S. Equity ETF Stock Performance

APUE stock opened at $45.29 on Friday. The company has a fifty day moving average price of $45.17 and a 200-day moving average price of $42.94. The company has a market capitalization of $2.47 billion, a P/E ratio of 23.42 and a beta of 1.00. ActivePassive U.S. Equity ETF has a 52-week low of $37.17 and a 52-week high of $46.61.

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.