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

AXS Astoria Real Assets ETF (NASDAQ:PPIGet Free Report) was the recipient of 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. Approximately 0.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 30,494 shares, the days-to-cover ratio is currently 1.4 days.

AXS Astoria Real Assets ETF Stock Down 1.9%

Shares of NASDAQ PPI traded down $0.43 during midday trading on Friday, reaching $21.69. 23,197 shares of the company were exchanged, compared to its average volume of 51,481. The stock’s 50-day moving average price is $21.40 and its 200-day moving average price is $20.14. The stock has a market cap of $156.82 million, a P/E ratio of 17.44 and a beta of 0.88. AXS Astoria Real Assets ETF has a one year low of $15.27 and a one year high of $22.44.

AXS Astoria Real Assets ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 27th. Shareholders 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 a boost 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

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Sound Income Strategies LLC bought a new stake in shares of AXS Astoria Real Assets ETF in the first quarter worth $94,000. Vermillion & White Wealth Management Group LLC grew its stake in shares of AXS Astoria Real Assets ETF by 4.2% in the fourth quarter. Vermillion & White Wealth Management Group LLC now owns 188,372 shares of the company’s stock worth $3,548,000 after purchasing an additional 7,590 shares during the last quarter. Ameriprise Financial Inc. bought a new stake in shares of AXS Astoria Real Assets ETF in the third quarter worth $326,000. Cascades Capital Asset Management LLC grew its stake in shares of 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 worth $1,150,000 after purchasing an additional 20,323 shares during the last quarter. Finally, Janney Montgomery Scott LLC bought a new stake in shares of AXS Astoria Real Assets ETF in the fourth quarter worth $3,899,000.

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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