Short Interest in AXS Astoria Real Assets ETF (NASDAQ:PPI) Increases By 438.9%

AXS Astoria Real Assets ETF (NASDAQ:PPI) was the recipient of a large growth in short interest in January. As of January 15th, there was short interest totaling 70,847 shares, a growth of 438.9% from the December 31st total of 13,146 shares. Based on an average daily volume of 21,318 shares, the short-interest ratio is currently 3.3 days. Approximately 1.5% of the shares of the stock are short sold. Approximately 1.5% of the shares of the stock are short sold. Based on an average daily volume of 21,318 shares, the short-interest ratio is currently 3.3 days.

Hedge Funds Weigh In On AXS Astoria Real Assets ETF

A number of large investors have recently modified their holdings of the stock. Vermillion & White Wealth Management Group LLC grew its stake in shares of AXS Astoria Real Assets ETF by 5.1% during the third quarter. Vermillion & White Wealth Management Group LLC now owns 180,782 shares of the company’s stock valued at $3,313,000 after purchasing an additional 8,831 shares during the last quarter. Ameriprise Financial Inc. acquired a new position in AXS Astoria Real Assets ETF during the 3rd quarter worth $326,000. Finally, Flow Traders U.S. LLC boosted its position 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 valued at $824,000 after buying an additional 12,467 shares during the last quarter.

AXS Astoria Real Assets ETF Stock Performance

Shares of PPI opened at $20.68 on Friday. The stock has a fifty day moving average price of $19.08 and a two-hundred day moving average price of $18.26. The company has a market cap of $95.75 million, a price-to-earnings ratio of 17.44 and a beta of 0.92. AXS Astoria Real Assets ETF has a 52-week low of $12.47 and a 52-week high of $21.06.

AXS Astoria Real Assets ETF Cuts Dividend

The business also recently declared 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. The ex-dividend date was Tuesday, December 23rd. This represents a $0.20 annualized dividend and a yield of 1.0%.

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.