AXS Astoria Inflation Sensitive ETF (NYSEARCA:PPI) Shares Down 0.2% – Here’s Why

AXS Astoria Inflation Sensitive ETF (NYSEARCA:PPIGet Free Report) fell 0.2% during trading on Tuesday . The company traded as low as $18.43 and last traded at $18.56. 28,918 shares were traded during trading, an increase of 87% from the average session volume of 15,430 shares. The stock had previously closed at $18.59.

AXS Astoria Inflation Sensitive ETF Stock Down 0.2%

The firm has a market capitalization of $73.13 million, a P/E ratio of 17.44 and a beta of 0.92. The business’s 50-day simple moving average is $18.60 and its 200 day simple moving average is $17.55.

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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