Short Interest in AXS Astoria Real Assets ETF (NASDAQ:PPI) Expands By 111.1%

AXS Astoria Real Assets ETF (NASDAQ:PPI) was the recipient of a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 41,691 shares, an increase of 111.1% from the April 15th total of 19,753 shares. Currently, 0.6% of the shares of the company are short sold. Based on an average daily volume of 30,494 shares, the days-to-cover ratio is currently 1.4 days.

Institutional Trading of AXS Astoria Real Assets ETF

Large investors have recently bought and sold shares of the business. Sound Income Strategies LLC purchased a new position in AXS Astoria Real Assets ETF during the 1st quarter worth $94,000. Vermillion & White Wealth Management Group LLC increased its holdings in shares of AXS Astoria Real Assets ETF by 4.2% in the fourth 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 during the period. Ameriprise Financial Inc. purchased a new position in AXS Astoria Real Assets ETF in the 3rd quarter valued at $326,000. Cascades Capital Asset Management LLC raised its position 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 buying an additional 20,323 shares during the last quarter. Finally, Janney Montgomery Scott LLC purchased a new stake in shares of AXS Astoria Real Assets ETF in the fourth quarter valued at about $3,899,000.

AXS Astoria Real Assets ETF Stock Down 1.9%

NASDAQ:PPI traded down $0.43 during mid-day trading on Friday, reaching $21.69. 23,197 shares of the stock were exchanged, compared to its average volume of 51,481. The stock has a market capitalization of $156.82 million, a P/E ratio of 17.44 and a beta of 0.88. AXS Astoria Real Assets ETF has a 1 year low of $15.27 and a 1 year high of $22.44. The company has a 50 day simple moving average of $21.40 and a 200-day simple moving average of $20.14.

AXS Astoria Real Assets ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Wednesday, March 25th were issued a $0.0605 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Wednesday, March 25th. This is a positive change 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.