AXS Astoria Real Assets ETF (NASDAQ:PPI) Short Interest Update

AXS Astoria Real Assets ETF (NASDAQ:PPI) saw a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 41,691 shares, an increase of 111.1% from the April 15th total of 19,753 shares. Based on an average daily volume of 30,494 shares, the days-to-cover ratio is currently 1.4 days. Approximately 0.6% of the company’s shares are short sold.

Hedge Funds Weigh In On AXS Astoria Real Assets ETF

Several hedge funds and other institutional investors have recently bought and sold shares of PPI. Ameriprise Financial Inc. acquired a new position in AXS Astoria Real Assets ETF in the third quarter valued at $326,000. Vermillion & White Wealth Management Group LLC lifted its holdings in AXS Astoria Real Assets ETF by 5.1% in 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 buying an additional 8,831 shares during the period. Cascades Capital Asset Management LLC lifted its holdings in AXS Astoria Real Assets ETF by 49.1% in the fourth quarter. Cascades Capital Asset Management LLC now owns 61,723 shares of the company’s stock valued at $1,150,000 after buying an additional 20,323 shares during the period. Janney Montgomery Scott LLC acquired a new position in AXS Astoria Real Assets ETF in the fourth quarter valued at $3,899,000. Finally, Sound Income Strategies LLC acquired a new position in AXS Astoria Real Assets ETF in the first quarter valued at $94,000.

AXS Astoria Real Assets ETF Price Performance

Shares of AXS Astoria Real Assets ETF stock traded down $0.43 during trading on Friday, hitting $21.69. The company’s stock had a trading volume of 23,197 shares, compared to its average volume of 51,481. AXS Astoria Real Assets ETF has a 52 week low of $15.27 and a 52 week high of $22.44. The stock has a market cap of $156.82 million, a price-to-earnings ratio of 17.44 and a beta of 0.88. The stock has a 50-day moving average price of $21.40 and a two-hundred day moving average price of $20.14.

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 is a positive change from AXS Astoria Real Assets ETF’s previous quarterly dividend of $0.05. This represents a $0.24 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Wednesday, March 25th.

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.