AXS Astoria Real Assets ETF (NASDAQ:PPI) Sees Large Growth in Short Interest

AXS Astoria Real Assets ETF (NASDAQ:PPI) saw a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 70,847 shares, a growth of 438.9% from the December 31st total of 13,146 shares. Based on an average daily trading volume, of 21,318 shares, the short-interest ratio is presently 3.3 days. Approximately 1.5% of the company’s stock are sold short. Approximately 1.5% of the company’s stock are sold short. Based on an average daily trading volume, of 21,318 shares, the short-interest ratio is presently 3.3 days.

Institutional Trading of AXS Astoria Real Assets ETF

Large investors have recently made changes to their positions in the company. Vermillion & White Wealth Management Group LLC lifted its stake in AXS Astoria Real Assets ETF by 5.1% in the third quarter. Vermillion & White Wealth Management Group LLC now owns 180,782 shares of the company’s stock worth $3,313,000 after acquiring an additional 8,831 shares during the last quarter. Ameriprise Financial Inc. purchased a new stake in shares of AXS Astoria Real Assets ETF in the 3rd quarter valued at approximately $326,000. Finally, Flow Traders U.S. LLC raised its holdings in shares of AXS Astoria Real Assets ETF by 32.9% in the 2nd quarter. Flow Traders U.S. LLC now owns 50,412 shares of the company’s stock valued at $824,000 after purchasing an additional 12,467 shares in the last quarter.

AXS Astoria Real Assets ETF Trading Up 1.4%

Shares of NASDAQ PPI opened at $20.61 on Wednesday. The stock has a market cap of $95.42 million, a P/E ratio of 17.44 and a beta of 0.92. The business’s fifty day simple moving average is $18.97 and its 200-day simple moving average is $18.23. AXS Astoria Real Assets ETF has a 12-month low of $12.47 and a 12-month high of $20.65.

AXS Astoria Real Assets ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Tuesday, December 23rd were paid a $0.0493 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Tuesday, December 23rd.

AXS Astoria Real Assets ETF Company Profile

The Investment Managers Series Trust II AXS Astoria Real Assets ETF (PPI) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is an actively managed asset allocation fund seeking long-term capital appreciation by holding real asset-like investments expected to benefit from rising costs of goods and services. PPI was launched on Dec 30, 2021 and is issued by AXS Investments.