ActivePassive U.S. Equity ETF (NYSEARCA:APUE) Sees Significant Increase in Short Interest
by Teresa Graham · The Cerbat GemActivePassive U.S. Equity ETF (NYSEARCA:APUE – Get Free Report) saw a large growth in short interest during the month of April. As of April 30th, there was short interest totaling 44,636 shares, a growth of 201.6% from the April 15th total of 14,800 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 92,575 shares, the short-interest ratio is currently 0.5 days.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in ActivePassive U.S. Equity ETF stock. NewEdge Advisors LLC purchased a new stake in ActivePassive U.S. Equity ETF (NYSEARCA:APUE – Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,696 shares of the company’s stock, valued at approximately $58,000.
ActivePassive U.S. Equity ETF Trading Down 1.2%
ActivePassive U.S. Equity ETF stock traded down $0.54 during midday trading on Friday, reaching $45.16. 70,787 shares of the stock traded hands, compared to its average volume of 119,307. The firm has a fifty day moving average price of $42.25 and a two-hundred day moving average price of $42.03. The firm has a market cap of $2.46 billion, a price-to-earnings ratio of 23.42 and a beta of 1.00. ActivePassive U.S. Equity ETF has a fifty-two week low of $34.89 and a fifty-two week high of $45.82.
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.