ActivePassive International Equity ETF (NYSEARCA:APIE) Sees Large Volume Increase – Here’s Why

Shares of ActivePassive International Equity ETF (NYSEARCA:APIE) saw unusually-high trading volume on Wednesday . Approximately 115,845 shares were traded during mid-day trading, an increase of 48% from the previous session’s volume of 78,207 shares.The stock last traded at $35.7050 and had previously closed at $35.50.

ActivePassive International Equity ETF Trading Up 0.8%

The stock’s 50-day simple moving average is $36.02 and its 200-day simple moving average is $34.71. The stock has a market cap of $936.89 million, a price-to-earnings ratio of 16.03 and a beta of 0.68.

Hedge Funds Weigh In On ActivePassive International Equity ETF

A hedge fund recently raised its stake in ActivePassive International Equity ETF stock. Wedbush Securities Inc. grew its stake in shares of ActivePassive International Equity ETF (NYSEARCA:APIE) by 33.7% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 45,843 shares of the company’s stock after acquiring an additional 11,559 shares during the quarter. Wedbush Securities Inc. owned about 0.18% of ActivePassive International Equity ETF worth $1,527,000 as of its most recent SEC filing.

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.