AXS Astoria Inflation Sensitive ETF (NYSEARCA:PPI) Stock Price Down 0.8% – Should You Sell?

Shares of AXS Astoria Inflation Sensitive ETF (NYSEARCA:PPIGet Free Report) traded down 0.8% during mid-day trading on Thursday . The stock traded as low as $20.36 and last traded at $20.68. 50,293 shares were traded during trading, an increase of 72% from the average session volume of 29,268 shares. The stock had previously closed at $20.85.

AXS Astoria Inflation Sensitive ETF Stock Performance

The company has a 50 day moving average price of $19.08 and a 200 day moving average price of $18.26. The firm has a market cap of $96.16 million, a price-to-earnings ratio of 17.44 and a beta of 0.92.

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. PPI was launched on Dec 30, 2021 and is managed by AXS Investments.

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