Short Interest in AXS Astoria Real Assets ETF (NASDAQ:PPI) Declines By 51.3%

AXS Astoria Real Assets ETF (NASDAQ:PPI) saw a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 56,846 shares, a decline of 51.3% from the July 30th total of 116,675 shares. Based on an average trading volume of 29,034 shares, the short-interest ratio is presently 2.0 days. Approximately 0.8% of the company’s stock are sold short.

AXS Astoria Real Assets ETF Trading Down 0.6%

NASDAQ PPI traded down $0.13 on Monday, hitting $21.13. 17,944 shares of the company were exchanged, compared to its average volume of 42,082. The company has a market cap of $157.42 million, a PE ratio of 17.44 and a beta of 0.85. AXS Astoria Real Assets ETF has a 12 month low of $17.12 and a 12 month high of $22.44. The stock has a fifty day moving average of $21.28 and a 200-day moving average of $21.38.

AXS Astoria Real Assets ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 29th. Stockholders of record on Thursday, June 25th were issued a dividend of $0.1157 per share. This is an increase from AXS Astoria Real Assets ETF’s previous quarterly dividend of $0.06. This represents a $0.46 annualized dividend and a dividend yield of 2.2%. The ex-dividend date was Thursday, June 25th.

Hedge Funds Weigh In On AXS Astoria Real Assets ETF

A number of institutional investors and hedge funds have recently made changes to their positions in PPI. Ameriprise Financial Inc. acquired a new stake in shares of AXS Astoria Real Assets ETF in the 3rd quarter valued at about $326,000. Cascades Capital Asset Management LLC boosted its holdings in AXS Astoria Real Assets ETF by 49.1% in the fourth quarter. Cascades Capital Asset Management LLC now owns 61,723 shares of the company’s stock worth $1,150,000 after acquiring an additional 20,323 shares in the last quarter. Janney Montgomery Scott LLC bought a new position in AXS Astoria Real Assets ETF in the fourth quarter worth approximately $3,899,000. Vermillion & White Wealth Management Group LLC grew its stake in AXS Astoria Real Assets ETF by 4.2% in the fourth quarter. Vermillion & White Wealth Management Group LLC now owns 188,372 shares of the company’s stock valued at $3,548,000 after acquiring an additional 7,590 shares during the period. Finally, Sound Income Strategies LLC acquired a new stake in AXS Astoria Real Assets ETF in the first quarter valued at approximately $94,000.

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.