AXS Astoria Real Assets ETF (NASDAQ:PPI) Sees Large Growth in Short Interest

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

AXS Astoria Real Assets ETF Price Performance

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

AXS Astoria Real Assets ETF Increases Dividend

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

Hedge Funds Weigh In On AXS Astoria Real Assets ETF

Several institutional investors and hedge funds have recently modified their holdings of the business. Sound Income Strategies LLC bought a new stake in AXS Astoria Real Assets ETF in the 1st quarter valued at about $94,000. Vermillion & White Wealth Management Group LLC grew its position in shares of AXS Astoria Real Assets ETF by 4.2% during the 4th quarter. Vermillion & White Wealth Management Group LLC now owns 188,372 shares of the company’s stock worth $3,548,000 after purchasing an additional 7,590 shares in the last quarter. Ameriprise Financial Inc. acquired a new position in shares of AXS Astoria Real Assets ETF during the 3rd quarter worth approximately $326,000. Cascades Capital Asset Management LLC increased its holdings 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 worth $1,150,000 after purchasing an additional 20,323 shares during the period. Finally, Janney Montgomery Scott LLC bought a new position in shares of AXS Astoria Real Assets ETF during the fourth quarter worth approximately $3,899,000.

AXS Astoria Real Assets ETF Company Profile

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.