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

AXS Astoria Real Assets ETF (NASDAQ:PPI) was the recipient of a large drop in short interest during the month of May. As of May 15th, there was short interest totaling 10,498 shares, a drop of 74.8% from the April 30th total of 41,691 shares. Based on an average daily trading volume, of 30,759 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the shares of the company are sold short.

Institutional Investors Weigh In On AXS Astoria Real Assets ETF

Institutional investors have recently made changes to their positions in the stock. Sound Income Strategies LLC purchased a new position in AXS Astoria Real Assets ETF in the 1st quarter valued at about $94,000. Vermillion & White Wealth Management Group LLC lifted its holdings in AXS Astoria Real Assets ETF by 4.2% in the 4th quarter. Vermillion & White Wealth Management Group LLC now owns 188,372 shares of the company’s stock valued at $3,548,000 after purchasing an additional 7,590 shares in the last quarter. Ameriprise Financial Inc. purchased a new position in AXS Astoria Real Assets ETF in the 3rd quarter valued at about $326,000. Cascades Capital Asset Management LLC lifted its holdings in AXS Astoria Real Assets ETF by 49.1% in the 4th quarter. Cascades Capital Asset Management LLC now owns 61,723 shares of the company’s stock valued at $1,150,000 after purchasing an additional 20,323 shares in the last quarter. Finally, Janney Montgomery Scott LLC purchased a new position in AXS Astoria Real Assets ETF in the 4th quarter valued at about $3,899,000.

AXS Astoria Real Assets ETF Stock Down 0.7%

NASDAQ:PPI traded down $0.16 during midday trading on Friday, reaching $21.61. The stock had a trading volume of 81,782 shares, compared to its average volume of 50,528. The firm has a fifty day simple moving average of $21.53 and a two-hundred day simple moving average of $20.34. AXS Astoria Real Assets ETF has a 12-month low of $15.45 and a 12-month high of $22.44. The stock has a market cap of $156.24 million, a P/E ratio of 17.44 and a beta of 0.88.

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 given a dividend of $0.0605 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Wednesday, March 25th. This is an increase from AXS Astoria Real Assets ETF’s previous quarterly dividend of $0.05.

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.