AXS Astoria Real Assets ETF (NASDAQ:PPI) Short Interest Down 92.2% in February

AXS Astoria Real Assets ETF (NASDAQ:PPI) saw a large decline in short interest in the month of February. As of February 27th, there was short interest totaling 22,041 shares, a decline of 92.2% from the February 12th total of 284,023 shares. Based on an average daily volume of 79,179 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.5% of the shares of the company are short sold. Approximately 0.5% of the shares of the company are short sold. Based on an average daily volume of 79,179 shares, the days-to-cover ratio is presently 0.3 days.

Hedge Funds Weigh In On AXS Astoria Real Assets ETF

Large investors have recently modified their holdings of the company. Ameriprise Financial Inc. purchased a new position in AXS Astoria Real Assets ETF during the third quarter valued at approximately $326,000. Flow Traders U.S. LLC lifted its stake in AXS Astoria Real Assets ETF by 32.9% in the 2nd quarter. Flow Traders U.S. LLC now owns 50,412 shares of the company’s stock worth $824,000 after purchasing an additional 12,467 shares in the last quarter. Cascades Capital Asset Management LLC boosted its holdings in AXS Astoria Real Assets ETF by 49.1% in the 4th quarter. Cascades Capital Asset Management LLC now owns 61,723 shares of the company’s stock valued at $1,150,000 after purchasing an additional 20,323 shares during the period. Vermillion & White Wealth Management Group LLC boosted its holdings in AXS Astoria Real Assets ETF by 7.2% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 171,951 shares of the company’s stock valued at $2,811,000 after purchasing an additional 11,526 shares during the period. Finally, Janney Montgomery Scott LLC bought a new position in AXS Astoria Real Assets ETF in the 4th quarter valued at $3,899,000.

AXS Astoria Real Assets ETF Stock Up 0.3%

PPI traded up $0.07 during trading on Tuesday, reaching $21.10. 38,061 shares of the company were exchanged, compared to its average volume of 60,177. AXS Astoria Real Assets ETF has a 12-month low of $12.47 and a 12-month high of $22.02. The company’s 50-day moving average is $20.44 and its two-hundred day moving average is $19.09. The company has a market cap of $100.86 million, a price-to-earnings ratio of 17.44 and a beta of 0.92.

AXS Astoria Real Assets ETF Cuts Dividend

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

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.