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

AXS Astoria Real Assets ETF (NASDAQ:PPI) saw a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 35,856 shares, a drop of 36.9% from the August 15th total of 56,846 shares. Approximately 0.5% of the company’s shares are sold short. Based on an average daily trading volume, of 24,090 shares, the days-to-cover ratio is currently 1.5 days.

Institutional Trading of AXS Astoria Real Assets ETF

An institutional investor recently bought a new position in AXS Astoria Real Assets ETF stock. Sound Income Strategies LLC bought a new position in shares of AXS Astoria Real Assets ETF (NASDAQ:PPI) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 4,486 shares of the company’s stock, valued at approximately $94,000. Sound Income Strategies LLC owned about 0.06% of AXS Astoria Real Assets ETF at the end of the most recent quarter.

AXS Astoria Real Assets ETF Stock Performance

PPI stock traded up $0.14 during mid-day trading on Thursday, reaching $20.72. 32,293 shares of the stock traded hands, compared to its average volume of 40,608. AXS Astoria Real Assets ETF has a one year low of $17.71 and a one year high of $22.44. The stock has a market capitalization of $165.74 million, a PE ratio of 17.44 and a beta of 0.85. The business has a 50-day moving average price of $21.26 and a two-hundred day moving average price of $21.36.

AXS Astoria Real Assets ETF Increases Dividend

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

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.