AXS Astoria Real Assets ETF (NASDAQ:PPI) Short Interest Up 68.8% in July

AXS Astoria Real Assets ETF (NASDAQ:PPI) was the target of a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 21,321 shares, a growth of 68.8% from the June 30th total of 12,631 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average trading volume of 25,799 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Trading of AXS Astoria Real Assets ETF

A number of hedge funds have recently modified their holdings of PPI. Sound Income Strategies LLC bought a new stake in shares of AXS Astoria Real Assets ETF during the 1st quarter worth about $94,000. Ameriprise Financial Inc. bought a new position in AXS Astoria Real Assets ETF in the 3rd quarter valued at about $326,000. Cascades Capital Asset Management LLC raised 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 acquiring an additional 20,323 shares during the period. Vermillion & White Wealth Management Group LLC lifted its position in 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 worth $3,548,000 after acquiring an additional 7,590 shares during the last quarter. Finally, Janney Montgomery Scott LLC acquired a new stake in AXS Astoria Real Assets ETF during the fourth quarter worth approximately $3,899,000.

AXS Astoria Real Assets ETF Trading Up 2.1%

PPI opened at $21.04 on Friday. The stock’s fifty day simple moving average is $21.28 and its 200 day simple moving average is $21.17. AXS Astoria Real Assets ETF has a 1-year low of $16.75 and a 1-year high of $22.44. The stock has a market cap of $155.91 million, a PE ratio of 17.44 and a beta of 0.85.

AXS Astoria Real Assets ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 29th. Shareholders of record on Thursday, June 25th were issued a $0.1157 dividend. This is an increase from AXS Astoria Real Assets ETF’s previous quarterly dividend of $0.06. This represents a $0.46 annualized dividend and a dividend yield of 2.2%. The ex-dividend date was Thursday, June 25th.

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.