AXS Astoria Real Assets ETF (NASDAQ:PPI) Sees Significant Drop in Short Interest

AXS Astoria Real Assets ETF (NASDAQ:PPI) saw a significant 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. Currently, 0.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 29,034 shares, the short-interest ratio is currently 2.0 days.

Hedge Funds Weigh In On AXS Astoria Real Assets ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Janney Montgomery Scott LLC bought a new position in AXS Astoria Real Assets ETF in the 4th quarter worth approximately $3,899,000. Cascades Capital Asset Management LLC boosted its position 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 buying an additional 20,323 shares during the last quarter. Ameriprise Financial Inc. bought a new position in AXS Astoria Real Assets ETF in the 3rd quarter valued at $326,000. Vermillion & White Wealth Management Group LLC increased its stake in shares of 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 buying an additional 7,590 shares during the period. Finally, Sound Income Strategies LLC acquired a new stake in shares of AXS Astoria Real Assets ETF in the 1st quarter valued at $94,000.

AXS Astoria Real Assets ETF Price Performance

Shares of NASDAQ:PPI traded down $0.23 during trading on Friday, reaching $21.26. The stock had a trading volume of 38,449 shares, compared to its average volume of 42,230. The stock has a market capitalization of $158.39 million, a PE ratio of 17.44 and a beta of 0.85. AXS Astoria Real Assets ETF has a 52 week low of $17.12 and a 52 week high of $22.44. The business’s 50-day moving average price is $21.28 and its 200 day moving average price is $21.38.

AXS Astoria Real Assets ETF Increases Dividend

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

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.