AXS Astoria Real Assets ETF (NASDAQ:PPI) Sees Significant Drop in Short Interest

AXS Astoria Real Assets ETF (NASDAQ:PPI) was the target of a large decrease in short interest in March. As of March 31st, there was short interest totaling 18,721 shares, a decrease of 80.0% from the March 15th total of 93,676 shares. Based on an average daily volume of 55,694 shares, the short-interest ratio is presently 0.3 days. Currently, 0.3% of the shares of the company are sold short.

AXS Astoria Real Assets ETF Trading Up 0.5%

AXS Astoria Real Assets ETF stock traded up $0.11 during mid-day trading on Friday, hitting $21.76. The company had a trading volume of 29,841 shares, compared to its average volume of 58,339. The company has a market capitalization of $152.97 million, a price-to-earnings ratio of 17.44 and a beta of 0.91. AXS Astoria Real Assets ETF has a 12-month low of $13.31 and a 12-month high of $22.02. The company’s fifty day moving average is $20.99 and its 200-day moving average is $19.61.

AXS Astoria Real Assets ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Wednesday, March 25th were paid a $0.0605 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Wednesday, March 25th. This is a positive change from AXS Astoria Real Assets ETF’s previous quarterly dividend of $0.05.

Institutional Trading of AXS Astoria Real Assets ETF

Large investors have recently made changes to their positions in the stock. Janney Montgomery Scott LLC acquired a new stake in shares of AXS Astoria Real Assets ETF during the fourth quarter valued at $3,899,000. Vermillion & White Wealth Management Group LLC boosted its stake in shares of 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 valued at $3,548,000 after acquiring an additional 7,590 shares during the last quarter. Ameriprise Financial Inc. acquired a new stake in shares of AXS Astoria Real Assets ETF during the third quarter valued at $326,000. Finally, Cascades Capital Asset Management LLC boosted its stake 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 valued at $1,150,000 after acquiring an additional 20,323 shares during the last quarter.

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.