Short Interest in AXS Astoria Real Assets ETF (NASDAQ:PPI) Declines By 51.3%

AXS Astoria Real Assets ETF (NASDAQ:PPI) was the recipient of a large drop in short interest in August. As of August 14th, there was short interest totaling 56,846 shares, a drop of 51.3% from the July 30th total of 116,675 shares. Approximately 0.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 29,034 shares, the days-to-cover ratio is presently 2.0 days.

AXS Astoria Real Assets ETF Trading Down 1.1%

NASDAQ:PPI traded down $0.23 during trading hours on Friday, hitting $21.26. 38,449 shares of the stock were exchanged, compared to its average volume of 42,230. AXS Astoria Real Assets ETF has a 52-week low of $17.12 and a 52-week high of $22.44. The firm’s fifty day moving average price is $21.28 and its 200 day moving average price is $21.37. The company has a market cap of $158.39 million, a P/E ratio of 17.44 and a beta of 0.85.

AXS Astoria Real Assets ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 29th. Stockholders of record on Thursday, June 25th were paid a $0.1157 dividend. This is a boost from AXS Astoria Real Assets ETF’s previous quarterly dividend of $0.06. This represents a $0.46 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend was Thursday, June 25th.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC purchased a new position in AXS Astoria Real Assets ETF in the 4th quarter valued at $3,899,000. Vermillion & White Wealth Management Group LLC grew its holdings in shares of AXS Astoria Real Assets ETF by 4.2% during the fourth quarter. Vermillion & White Wealth Management Group LLC now owns 188,372 shares of the company’s stock worth $3,548,000 after buying an additional 7,590 shares in the last quarter. Cascades Capital Asset Management LLC grew its holdings in shares of AXS Astoria Real Assets ETF by 49.1% during the fourth quarter. Cascades Capital Asset Management LLC now owns 61,723 shares of the company’s stock worth $1,150,000 after buying an additional 20,323 shares in the last quarter. Ameriprise Financial Inc. acquired a new stake in shares of AXS Astoria Real Assets ETF in the third quarter valued at about $326,000. Finally, Sound Income Strategies LLC acquired a new stake in shares of AXS Astoria Real Assets ETF in the first quarter valued at about $94,000.

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.