AXS Astoria Real Assets ETF (NASDAQ:PPI) Sees Large Increase in Short Interest

AXS Astoria Real Assets ETF (NASDAQ:PPI) was the target of a large increase in short interest in March. As of March 13th, there was short interest totaling 93,676 shares, an increase of 325.0% from the February 26th total of 22,041 shares. Based on an average daily volume of 71,973 shares, the short-interest ratio is presently 1.3 days. Currently, 2.0% of the shares of the stock are short sold. Currently, 2.0% of the shares of the stock are short sold. Based on an average daily volume of 71,973 shares, the short-interest ratio is presently 1.3 days.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in PPI. Vermillion & White Wealth Management Group LLC grew its holdings 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 acquiring an additional 11,526 shares during the last quarter. Ameriprise Financial Inc. acquired a new position in AXS Astoria Real Assets ETF in the 3rd quarter valued at approximately $326,000. Janney Montgomery Scott LLC bought a new position in shares of AXS Astoria Real Assets ETF during the fourth quarter valued at $3,899,000. Cascades Capital Asset Management LLC raised its stake 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 valued at $1,150,000 after acquiring an additional 20,323 shares during the last quarter. Finally, Flow Traders U.S. LLC lifted its holdings in shares of AXS Astoria Real Assets ETF by 32.9% during the second quarter. Flow Traders U.S. LLC now owns 50,412 shares of the company’s stock worth $824,000 after purchasing an additional 12,467 shares during the period.

AXS Astoria Real Assets ETF Trading Up 0.6%

AXS Astoria Real Assets ETF stock opened at $20.62 on Wednesday. The stock has a 50-day moving average price of $20.77 and a two-hundred day moving average price of $19.34. AXS Astoria Real Assets ETF has a 12 month low of $12.47 and a 12 month high of $22.02. The company has a market capitalization of $98.56 million, a PE ratio of 17.44 and a beta of 0.92.

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.