ActivePassive International Equity ETF (NYSEARCA:APIE) Sees Significant Increase in Short Interest

ActivePassive International Equity ETF (NYSEARCA:APIE) saw a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 52,183 shares, a growth of 154.0% from the May 31st total of 20,542 shares. Based on an average daily volume of 48,449 shares, the days-to-cover ratio is currently 1.1 days. Approximately 0.2% of the shares of the company are sold short.

ActivePassive International Equity ETF Stock Performance

NYSEARCA APIE opened at $37.96 on Monday. ActivePassive International Equity ETF has a 1-year low of $32.10 and a 1-year high of $39.19. The company has a 50 day moving average of $38.01 and a 200-day moving average of $37.18. The company has a market cap of $1.03 billion, a price-to-earnings ratio of 16.03 and a beta of 0.70.

About ActivePassive International Equity ETF

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.