Short Interest in AXS Astoria Real Assets ETF (NASDAQ:PPI) Declines By 17.0%

AXS Astoria Real Assets ETF (NASDAQ:PPI) was the target of a significant decrease in short interest during the month of December. As of December 15th, there was short interest totaling 16,711 shares, a decrease of 17.0% from the November 30th total of 20,142 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average daily volume of 16,607 shares, the days-to-cover ratio is currently 1.0 days. Based on an average daily volume of 16,607 shares, the days-to-cover ratio is currently 1.0 days. Approximately 0.4% of the company’s shares are short sold.

Institutional Investors Weigh In On AXS Astoria Real Assets ETF

A number of hedge funds have recently modified their holdings of the business. Vermillion & White Wealth Management Group LLC increased its stake in AXS Astoria Real Assets ETF by 5.1% during the 3rd quarter. Vermillion & White Wealth Management Group LLC now owns 180,782 shares of the company’s stock worth $3,313,000 after purchasing an additional 8,831 shares in the last quarter. Ameriprise Financial Inc. bought a new position in AXS Astoria Real Assets ETF during the 3rd quarter worth about $326,000. Finally, Flow Traders U.S. LLC boosted its position in shares of AXS Astoria Real Assets ETF by 32.9% during the second quarter. Flow Traders U.S. LLC now owns 50,412 shares of the company’s stock worth $824,000 after buying an additional 12,467 shares during the period.

AXS Astoria Real Assets ETF Price Performance

Shares of AXS Astoria Real Assets ETF stock traded down $0.16 during trading on Wednesday, hitting $18.63. 15,006 shares of the company were exchanged, compared to its average volume of 15,284. The firm’s fifty day moving average price is $18.57 and its 200 day moving average price is $17.76. AXS Astoria Real Assets ETF has a 1-year low of $12.47 and a 1-year high of $19.32. The firm has a market capitalization of $73.40 million, a P/E ratio of 17.44 and a beta of 0.92.

AXS Astoria Real Assets ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Tuesday, December 23rd were issued a $0.0493 dividend. The ex-dividend date of this dividend was Tuesday, December 23rd. This represents a $0.20 annualized dividend and a dividend yield of 1.1%.

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.