AXS Astoria Real Assets ETF (NASDAQ:PPI) Short Interest Up 438.9% in January

AXS Astoria Real Assets ETF (NASDAQ:PPI) was the recipient of a large growth in short interest in January. As of January 15th, there was short interest totaling 70,847 shares, a growth of 438.9% from the December 31st total of 13,146 shares. Based on an average daily trading volume, of 21,318 shares, the short-interest ratio is currently 3.3 days. Currently, 1.5% of the shares of the stock are sold short. Currently, 1.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 21,318 shares, the short-interest ratio is currently 3.3 days.

AXS Astoria Real Assets ETF Stock Performance

Shares of NASDAQ PPI opened at $20.61 on Wednesday. The firm has a fifty day moving average of $18.97 and a 200 day moving average of $18.23. The firm has a market cap of $95.42 million, a PE ratio of 17.44 and a beta of 0.92. AXS Astoria Real Assets ETF has a one year low of $12.47 and a one year high of $20.65.

AXS Astoria Real Assets ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Tuesday, December 23rd were paid a dividend of $0.0493 per share. The ex-dividend date of this dividend was Tuesday, December 23rd. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.0%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vermillion & White Wealth Management Group LLC increased its stake in AXS Astoria Real Assets ETF by 7.2% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 171,951 shares of the company’s stock worth $2,811,000 after buying an additional 11,526 shares in the last quarter. Ameriprise Financial Inc. acquired a new position in AXS Astoria Real Assets ETF in the 3rd quarter valued at $326,000. Finally, Flow Traders U.S. LLC raised its stake 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 valued at $824,000 after purchasing an additional 12,467 shares during the last quarter.

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.