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

AXS Astoria Real Assets ETF (NASDAQ:PPI) was the target of a large drop in short interest in August. As of August 31st, there was short interest totaling 35,856 shares, a drop of 36.9% from the August 15th total of 56,846 shares. Based on an average trading volume of 24,090 shares, the short-interest ratio is currently 1.5 days. Approximately 0.5% of the company’s stock are sold short.

Institutional Investors Weigh In On AXS Astoria Real Assets ETF

An institutional investor recently bought a new stake in AXS Astoria Real Assets ETF stock. Sound Income Strategies LLC bought a new stake in AXS Astoria Real Assets ETF (NASDAQ:PPI) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,486 shares of the company’s stock, valued at approximately $94,000. Sound Income Strategies LLC owned 0.06% of AXS Astoria Real Assets ETF at the end of the most recent reporting period.

AXS Astoria Real Assets ETF Price Performance

PPI opened at $20.68 on Wednesday. The company has a market capitalization of $165.42 million, a price-to-earnings ratio of 17.44 and a beta of 0.85. The firm’s fifty day moving average price is $21.26 and its two-hundred day moving average price is $21.37. AXS Astoria Real Assets ETF has a 1 year low of $17.71 and a 1 year high of $22.44.

AXS Astoria Real Assets ETF Increases Dividend

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

About AXS Astoria Real Assets ETF

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.