Short Interest in AXS Astoria Real Assets ETF (NASDAQ:PPI) Decreases By 92.2%

AXS Astoria Real Assets ETF (NASDAQ:PPI) saw a significant decline in short interest in February. As of February 27th, there was short interest totaling 22,041 shares, a decline of 92.2% from the February 12th total of 284,023 shares. Currently, 0.5% of the shares of the company are short sold. Based on an average daily volume of 79,179 shares, the short-interest ratio is presently 0.3 days. Based on an average daily volume of 79,179 shares, the short-interest ratio is presently 0.3 days. Currently, 0.5% of the shares of the company are short sold.

AXS Astoria Real Assets ETF Stock Down 0.3%

Shares of PPI opened at $21.03 on Wednesday. AXS Astoria Real Assets ETF has a 52 week low of $12.47 and a 52 week high of $22.02. The stock has a market cap of $100.52 million, a price-to-earnings ratio of 17.44 and a beta of 0.92. The business has a 50-day simple moving average of $20.44 and a two-hundred day simple moving average of $19.09.

AXS Astoria Real Assets ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Tuesday, December 23rd were paid a dividend of $0.0493 per share. The ex-dividend date was Tuesday, December 23rd. This represents a $0.20 dividend on an annualized basis and a yield of 0.9%.

Hedge Funds Weigh In On AXS Astoria Real Assets ETF

A number of hedge funds have recently modified their holdings of the company. Vermillion & White Wealth Management Group LLC increased its stake in shares of AXS Astoria Real Assets ETF by 7.2% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 171,951 shares of the company’s stock worth $2,811,000 after purchasing an additional 11,526 shares in the last quarter. Cascades Capital Asset Management LLC lifted its stake in shares of AXS Astoria Real Assets ETF by 49.1% during the 4th quarter. Cascades Capital Asset Management LLC now owns 61,723 shares of the company’s stock valued at $1,150,000 after buying an additional 20,323 shares in the last quarter. Ameriprise Financial Inc. bought a new position in AXS Astoria Real Assets ETF in the 3rd quarter worth $326,000. Janney Montgomery Scott LLC purchased a new stake in AXS Astoria Real Assets ETF in the 4th quarter worth $3,899,000. Finally, Flow Traders U.S. LLC increased its stake in AXS Astoria Real Assets ETF by 32.9% in the 2nd 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 in the last quarter.

About AXS Astoria Real Assets ETF

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.