AXS Astoria Inflation Sensitive ETF (NYSEARCA:PPI) Trading 1.1% Higher – Here’s Why

AXS Astoria Inflation Sensitive ETF (NYSEARCA:PPI) shares rose 1.1% during mid-day trading on Friday . The stock traded as high as $21.52 and last traded at $21.50. Approximately 33,740 shares changed hands during trading, a decline of 41% from the average daily volume of 56,842 shares. The stock had previously closed at $21.26.

AXS Astoria Inflation Sensitive ETF Stock Performance

The stock has a 50-day simple moving average of $19.78 and a 200 day simple moving average of $18.70. The company has a market cap of $102.77 million, a P/E ratio of 17.44 and a beta of 0.92.

AXS Astoria Inflation Sensitive ETF Company Profile

The AXS Astoria Inflation Sensitive ETF (PPI) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is an actively managed, multi-asset ETF seeking long-term capital appreciation. The fund targets asset classes that are expected to benefit from an inflationary environment, such as global cyclical stocks, commodities, and TIPS. PPI was launched on Dec 30, 2021 and is managed by AXS Investments.