Short Interest in AXS Astoria Real Assets ETF (NASDAQ:PPI) Declines By 17.0%

AXS Astoria Real Assets ETF (NASDAQ:PPI) was the target of a large decrease in short interest during the month of December. As of December 15th, there was short interest totaling 16,711 shares, a decrease of 17.0% from the November 30th total of 20,142 shares. Based on an average daily trading volume, of 16,607 shares, the short-interest ratio is presently 1.0 days. Approximately 0.4% of the shares of the company are short sold. Approximately 0.4% of the shares of the company are short sold. Based on an average daily trading volume, of 16,607 shares, the short-interest ratio is presently 1.0 days.

AXS Astoria Real Assets ETF Stock Down 0.9%

PPI stock traded down $0.16 during midday trading on Wednesday, reaching $18.63. The company had a trading volume of 15,006 shares, compared to its average volume of 15,284. The firm has a market capitalization of $73.40 million, a PE ratio of 17.44 and a beta of 0.92. The stock has a 50 day moving average price of $18.57 and a 200 day moving average price of $17.76. AXS Astoria Real Assets ETF has a fifty-two week low of $12.47 and a fifty-two week high of $19.32.

AXS Astoria Real Assets ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Tuesday, December 23rd were paid a dividend of $0.0493 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Tuesday, December 23rd.

Hedge Funds Weigh In On AXS Astoria Real Assets ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PPI. Ameriprise Financial Inc. acquired a new stake in AXS Astoria Real Assets ETF in the third quarter worth about $326,000. Flow Traders U.S. LLC boosted its stake in AXS Astoria Real Assets ETF by 32.9% during the second quarter. Flow Traders U.S. LLC now owns 50,412 shares of the company’s stock valued at $824,000 after buying an additional 12,467 shares in the last quarter. Finally, Vermillion & White Wealth Management Group LLC grew its holdings 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 acquiring an additional 11,526 shares during the period.

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.