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

AXS Astoria Real Assets ETF (NASDAQ:PPI) was the target of a large increase in short interest in the month of January. As of January 30th, there was short interest totaling 105,175 shares, an increase of 48.5% from the January 15th total of 70,847 shares. Approximately 2.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 39,349 shares, the days-to-cover ratio is currently 2.7 days. Based on an average daily trading volume, of 39,349 shares, the days-to-cover ratio is currently 2.7 days. Approximately 2.2% of the shares of the stock are short sold.

AXS Astoria Real Assets ETF Stock Performance

AXS Astoria Real Assets ETF stock opened at $21.04 on Friday. The company’s fifty day moving average price is $19.52 and its 200 day moving average price is $18.54. AXS Astoria Real Assets ETF has a 1 year low of $12.47 and a 1 year high of $21.21. The stock has a market capitalization of $100.57 million, a P/E ratio of 17.44 and a beta of 0.92.

AXS Astoria Real Assets ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Tuesday, December 23rd were given a $0.0493 dividend. The ex-dividend date was Tuesday, December 23rd. This represents a $0.20 annualized dividend and a dividend yield of 0.9%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Ameriprise Financial Inc. purchased a new position in AXS Astoria Real Assets ETF in the 3rd quarter worth approximately $326,000. Flow Traders U.S. LLC increased its holdings in shares of AXS Astoria Real Assets ETF by 32.9% in the second 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 during the last quarter. Cascades Capital Asset Management LLC lifted its position in AXS Astoria Real Assets ETF by 49.1% during the fourth quarter. Cascades Capital Asset Management LLC now owns 61,723 shares of the company’s stock worth $1,150,000 after buying an additional 20,323 shares in the last quarter. Vermillion & White Wealth Management Group LLC lifted its position in AXS Astoria Real Assets ETF by 7.2% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 171,951 shares of the company’s stock worth $2,811,000 after buying an additional 11,526 shares in the last quarter. Finally, Janney Montgomery Scott LLC acquired a new position in AXS Astoria Real Assets ETF during the fourth quarter worth $3,899,000.

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.