Short Interest in AXS Astoria Real Assets ETF (NASDAQ:PPI) Declines By 92.2%

AXS Astoria Real Assets ETF (NASDAQ:PPI) was the recipient of a significant decline in short interest during the month of February. As of February 27th, there was short interest totaling 22,041 shares, a decline of 92.2% from the February 12th total of 284,023 shares. Based on an average daily volume of 79,179 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.5% of the company’s shares are short sold. Currently, 0.5% of the company’s shares are short sold. Based on an average daily volume of 79,179 shares, the days-to-cover ratio is currently 0.3 days.

AXS Astoria Real Assets ETF Stock Performance

NASDAQ:PPI opened at $21.11 on Thursday. AXS Astoria Real Assets ETF has a fifty-two week low of $12.47 and a fifty-two week high of $22.02. The firm has a market cap of $100.91 million, a PE ratio of 17.44 and a beta of 0.92. The business has a 50 day moving average price of $20.49 and a 200-day moving average price of $19.10.

AXS Astoria Real Assets ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Tuesday, December 23rd were given a dividend of $0.0493 per share. The ex-dividend date of this dividend was Tuesday, December 23rd. This represents a $0.20 annualized dividend and a yield of 0.9%.

Hedge Funds Weigh In On AXS Astoria Real Assets ETF

Hedge funds have recently modified their holdings of the company. Vermillion & White Wealth Management Group LLC raised its stake 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 valued at $3,548,000 after acquiring an additional 7,590 shares during the last quarter. Janney Montgomery Scott LLC purchased a new position in AXS Astoria Real Assets ETF during the 4th 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 valued at $1,150,000 after purchasing an additional 20,323 shares during the period. Ameriprise Financial Inc. bought a new position in AXS Astoria Real Assets ETF during the 3rd quarter valued at approximately $326,000. Finally, Flow Traders U.S. LLC lifted its holdings in AXS Astoria Real Assets ETF by 32.9% in the 2nd quarter. Flow Traders U.S. LLC now owns 50,412 shares of the company’s stock worth $824,000 after buying an additional 12,467 shares during the period.

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.