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

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

AXS Astoria Real Assets ETF Stock Up 0.2%

NASDAQ PPI opened at $20.68 on Wednesday. The company has a market capitalization of $165.42 million, a price-to-earnings ratio of 17.44 and a beta of 0.85. AXS Astoria Real Assets ETF has a twelve month low of $17.71 and a twelve month high of $22.44. The stock has a fifty day simple moving average of $21.26 and a 200 day simple moving average of $21.37.

AXS Astoria Real Assets ETF Increases Dividend

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

Hedge Funds Weigh In On AXS Astoria Real Assets ETF

A hedge fund recently bought a new stake in AXS Astoria Real Assets ETF stock. Sound Income Strategies LLC acquired a new position in AXS Astoria Real Assets ETF (NASDAQ:PPIFree Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 4,486 shares of the company’s stock, valued at approximately $94,000. Sound Income Strategies LLC owned 0.06% of AXS Astoria Real Assets ETF at the end of the most recent reporting period.

About AXS Astoria Real Assets ETF

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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.

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