AXS Astoria Inflation Sensitive ETF (NYSEARCA:PPI) Trading Up 1.1% – What’s Next?

AXS Astoria Inflation Sensitive ETF (NYSEARCA:PPI)’s share price was up 1.1% on Friday . The stock traded as high as $21.52 and last traded at $21.50. Approximately 33,740 shares changed hands during mid-day trading, a decline of 41% from the average daily volume of 56,842 shares. The stock had previously closed at $21.26.

AXS Astoria Inflation Sensitive ETF Stock Up 1.1%

The firm has a market capitalization of $102.77 million, a price-to-earnings ratio of 17.44 and a beta of 0.92. The business’s fifty day moving average is $19.78 and its 200 day moving average is $18.69.

AXS Astoria Inflation Sensitive ETF Company Profile

The AXS Astoria Inflation Sensitive ETF (PPI) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is an actively managed, multi-asset ETF seeking long-term capital appreciation. The fund targets asset classes that are expected to benefit from an inflationary environment, such as global cyclical stocks, commodities, and TIPS. PPI was launched on Dec 30, 2021 and is managed by AXS Investments.