AXS Astoria Real Assets ETF (NASDAQ:PPI) Short Interest Update

AXS Astoria Real Assets ETF (NASDAQ:PPI) saw a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 41,691 shares, a growth of 111.1% from the April 15th total of 19,753 shares. Approximately 0.6% of the shares of the company are short sold. Based on an average daily trading volume, of 30,494 shares, the days-to-cover ratio is presently 1.4 days.

AXS Astoria Real Assets ETF Stock Down 0.2%

PPI stock traded down $0.05 during mid-day trading on Monday, reaching $21.64. The company had a trading volume of 10,433 shares, compared to its average volume of 51,040. The stock has a market capitalization of $156.46 million, a P/E ratio of 17.44 and a beta of 0.88. AXS Astoria Real Assets ETF has a one year low of $15.27 and a one year high of $22.44. The stock’s 50-day simple moving average is $21.40 and its two-hundred day simple moving average is $20.15.

AXS Astoria Real Assets ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Wednesday, March 25th were paid a $0.0605 dividend. The ex-dividend date was Wednesday, March 25th. This is a positive change from AXS Astoria Real Assets ETF’s previous quarterly dividend of $0.05. This represents a $0.24 dividend on an annualized basis and a yield of 1.1%.

Institutional Investors Weigh In On AXS Astoria Real Assets ETF

Hedge funds have recently added to or reduced their stakes in the stock. Sound Income Strategies LLC bought a new stake in shares of AXS Astoria Real Assets ETF during the first quarter valued at about $94,000. Vermillion & White Wealth Management Group LLC raised its stake in shares of AXS Astoria Real Assets ETF by 4.2% during the fourth quarter. Vermillion & White Wealth Management Group LLC now owns 188,372 shares of the company’s stock valued at $3,548,000 after purchasing an additional 7,590 shares in the last quarter. Ameriprise Financial Inc. bought a new stake in shares of AXS Astoria Real Assets ETF during the third quarter valued at about $326,000. Cascades Capital Asset Management LLC raised its stake in shares of 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 valued at $1,150,000 after purchasing an additional 20,323 shares in the last quarter. Finally, Janney Montgomery Scott LLC bought a new stake in shares of AXS Astoria Real Assets ETF during the fourth quarter valued at about $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.