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

AXS Astoria Real Assets ETF (NASDAQ:PPI) saw a significant decrease in short interest during the month of May. As of May 15th, there was short interest totaling 10,498 shares, a decrease of 74.8% from the April 30th total of 41,691 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 30,759 shares, the short-interest ratio is presently 0.3 days.

AXS Astoria Real Assets ETF Price Performance

AXS Astoria Real Assets ETF stock traded down $0.15 during trading hours on Friday, hitting $21.62. The stock had a trading volume of 81,787 shares, compared to its average volume of 50,534. The stock has a market capitalization of $156.31 million, a price-to-earnings ratio of 17.44 and a beta of 0.88. AXS Astoria Real Assets ETF has a 1-year low of $15.45 and a 1-year high of $22.44. The stock’s fifty day moving average is $21.54 and its two-hundred day moving average is $20.35.

AXS Astoria Real Assets ETF Increases Dividend

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

Institutional Trading of AXS Astoria Real Assets ETF

Large investors have recently made changes to their positions in the stock. 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. Sound Income Strategies LLC acquired a new stake in shares of AXS Astoria Real Assets ETF during the first quarter valued at $94,000. 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, 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.

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.