AXS Astoria Real Assets ETF (NASDAQ:PPI) Short Interest Up 48.5% in January

AXS Astoria Real Assets ETF (NASDAQ:PPI) saw a large increase in short interest in 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. Based on an average daily trading volume, of 39,349 shares, the short-interest ratio is currently 2.7 days. Currently, 2.2% of the shares of the stock are sold short. Currently, 2.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 39,349 shares, the short-interest ratio is currently 2.7 days.

AXS Astoria Real Assets ETF Stock Up 1.5%

Shares of PPI traded up $0.31 during trading on Monday, reaching $21.04. 42,506 shares of the company traded hands, compared to its average volume of 53,134. The stock has a 50-day simple moving average of $19.52 and a 200-day simple moving average of $18.56. AXS Astoria Real Assets ETF has a twelve month low of $12.47 and a twelve month high of $21.21. The stock has a market cap of $100.57 million, a PE 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. Investors of record on Tuesday, December 23rd were given a $0.0493 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Tuesday, December 23rd.

Hedge Funds Weigh In On AXS Astoria Real Assets ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Ameriprise Financial Inc. purchased a new position in AXS Astoria Real Assets ETF in the 3rd quarter valued at approximately $326,000. Flow Traders U.S. LLC raised its holdings in shares of 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 during the period. Cascades Capital Asset Management LLC raised its stake in shares of 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 acquiring an additional 20,323 shares during the period. Vermillion & White Wealth Management Group LLC boosted its position in shares of 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 buying an additional 11,526 shares during the period. Finally, Janney Montgomery Scott LLC purchased a new position in shares of AXS Astoria Real Assets ETF in the fourth quarter valued at $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.