Short Interest in AXS Astoria Real Assets ETF (NASDAQ:PPI) Rises By 170.0%

AXS Astoria Real Assets ETF (NASDAQ:PPI) saw a large increase in short interest in February. As of February 13th, there was short interest totaling 284,023 shares, an increase of 170.0% from the January 29th total of 105,175 shares. Currently, 5.9% of the company’s shares are sold short. Based on an average daily trading volume, of 97,911 shares, the days-to-cover ratio is currently 2.9 days. Based on an average daily trading volume, of 97,911 shares, the days-to-cover ratio is currently 2.9 days. Currently, 5.9% of the company’s shares are sold short.

AXS Astoria Real Assets ETF Stock Up 0.2%

Shares of PPI opened at $21.83 on Friday. AXS Astoria Real Assets ETF has a 52-week low of $12.47 and a 52-week high of $21.87. The stock has a fifty day simple moving average of $20.04 and a two-hundred day simple moving average of $18.81. The company has a market capitalization of $104.35 million, a PE ratio of 17.44 and a beta of 0.92.

AXS Astoria Real Assets ETF Cuts Dividend

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

Hedge Funds Weigh In On AXS Astoria Real Assets ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. Ameriprise Financial Inc. acquired a new stake in shares of AXS Astoria Real Assets ETF during the 3rd quarter worth approximately $326,000. Flow Traders U.S. LLC lifted its holdings in 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 acquiring an additional 12,467 shares during the last quarter. Cascades Capital Asset Management LLC grew its position 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 during the period. Vermillion & White Wealth Management Group LLC grew its position in AXS Astoria Real Assets ETF by 7.2% in 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. Finally, Janney Montgomery Scott LLC acquired a new stake in AXS Astoria Real Assets ETF during the fourth quarter worth $3,899,000.

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.