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

AXS Astoria Real Assets ETF (NASDAQ:PPI) was the target of a significant increase in short interest in March. As of March 13th, there was short interest totaling 93,676 shares, an increase of 325.0% from the February 26th total of 22,041 shares. Based on an average daily volume of 71,973 shares, the short-interest ratio is presently 1.3 days. Approximately 2.0% of the company’s stock are short sold.

AXS Astoria Real Assets ETF Trading Down 1.7%

PPI opened at $20.53 on Friday. AXS Astoria Real Assets ETF has a twelve month low of $12.47 and a twelve month high of $22.02. The firm has a market cap of $98.13 million, a price-to-earnings ratio of 17.44 and a beta of 0.92. The company has a fifty day simple moving average of $20.80 and a 200 day simple moving average of $19.36.

AXS Astoria Real Assets ETF Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Wednesday, March 25th will be paid a dividend of $0.0605 per share. This is a boost from AXS Astoria Real Assets ETF’s previous quarterly dividend of $0.05. This represents a $0.24 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Wednesday, March 25th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of PPI. Janney Montgomery Scott LLC purchased a new position in AXS Astoria Real Assets ETF in the fourth quarter valued at about $3,899,000. Cascades Capital Asset Management LLC increased its holdings in 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 worth $1,150,000 after purchasing an additional 20,323 shares during the last quarter. Ameriprise Financial Inc. acquired a new position in shares of AXS Astoria Real Assets ETF in the 3rd quarter valued at approximately $326,000. Flow Traders U.S. LLC boosted its stake in shares of AXS Astoria Real Assets ETF by 32.9% during the 2nd quarter. Flow Traders U.S. LLC now owns 50,412 shares of the company’s stock valued at $824,000 after buying an additional 12,467 shares during the last quarter. Finally, Vermillion & White Wealth Management Group LLC boosted its stake in shares of AXS Astoria Real Assets ETF by 7.2% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 171,951 shares of the company’s stock valued at $2,811,000 after buying an additional 11,526 shares during 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.