AXS Astoria Inflation Sensitive ETF (NYSEARCA:PPI) Trading 1.7% Higher – Should You Buy?

AXS Astoria Inflation Sensitive ETF (NYSEARCA:PPIGet Free Report) shares traded up 1.7% on Monday . The company traded as high as $18.15 and last traded at $18.13. 12,607 shares changed hands during mid-day trading, a decline of 18% from the average session volume of 15,294 shares. The stock had previously closed at $17.83.

AXS Astoria Inflation Sensitive ETF Stock Up 1.7%

The firm has a market capitalization of $71.43 million, a P/E ratio of 17.44 and a beta of 0.92. The firm’s 50-day simple moving average is $18.53 and its 200-day simple moving average is $17.20.

AXS Astoria Inflation Sensitive ETF Company Profile

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The AXS Astoria Inflation Sensitive ETF (PPI) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is an actively managed, multi-asset ETF seeking long-term capital appreciation. The fund targets asset classes that are expected to benefit from an inflationary environment, such as global cyclical stocks, commodities, and TIPS.

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