AXS Astoria Inflation Sensitive ETF (NYSEARCA:PPI – Get Free Report) shot up 1.1% during trading on Friday . The stock traded as high as $21.52 and last traded at $21.50. 33,740 shares changed hands during trading, a decline of 41% from the average session volume of 56,842 shares. The stock had previously closed at $21.26.
AXS Astoria Inflation Sensitive ETF Stock Performance
The business has a fifty day moving average of $19.78 and a two-hundred day moving average of $18.69. The firm has a market capitalization of $102.77 million, a price-to-earnings ratio of 17.44 and a beta of 0.92.
About AXS Astoria Inflation Sensitive ETF
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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