AXS Astoria Real Assets ETF (NASDAQ:PPI) Short Interest Up 170.0% in February

AXS Astoria Real Assets ETF (NASDAQ:PPI) saw a significant growth in short interest in February. As of February 13th, there was short interest totaling 284,023 shares, a growth of 170.0% from the January 29th total of 105,175 shares. Currently, 5.9% of the company’s stock are sold short. Based on an average daily trading volume, of 97,911 shares, the short-interest ratio is presently 2.9 days. Based on an average daily trading volume, of 97,911 shares, the short-interest ratio is presently 2.9 days. Currently, 5.9% of the company’s stock are sold short.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in PPI. Ameriprise Financial Inc. purchased a new position in AXS Astoria Real Assets ETF in the third quarter worth approximately $326,000. Flow Traders U.S. LLC lifted its stake in shares of 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. Cascades Capital Asset Management LLC grew its holdings in shares of 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 worth $1,150,000 after purchasing an additional 20,323 shares during the period. Vermillion & White Wealth Management Group LLC grew its holdings in shares of 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 purchasing an additional 11,526 shares during the period. Finally, Janney Montgomery Scott LLC acquired a new stake in shares of AXS Astoria Real Assets ETF during the 4th quarter worth about $3,899,000.

AXS Astoria Real Assets ETF Stock Up 0.5%

AXS Astoria Real Assets ETF stock opened at $21.95 on Friday. AXS Astoria Real Assets ETF has a twelve month low of $12.47 and a twelve month high of $21.96. The firm has a market cap of $104.92 million, a P/E ratio of 17.44 and a beta of 0.92. The business has a fifty day moving average of $20.10 and a two-hundred day moving average of $18.86.

AXS Astoria Real Assets ETF Cuts Dividend

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

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.