Short Interest in AXS Astoria Real Assets ETF (NASDAQ:PPI) Declines By 51.3%

AXS Astoria Real Assets ETF (NASDAQ:PPI) was the recipient of a significant decline in short interest during the month of August. As of August 14th, there was short interest totaling 56,846 shares, a decline of 51.3% from the July 30th total of 116,675 shares. Approximately 0.8% of the shares of the stock are sold short. Based on an average trading volume of 29,034 shares, the days-to-cover ratio is currently 2.0 days.

Institutional Investors Weigh In On AXS Astoria Real Assets ETF

Several hedge funds and other institutional investors have recently made changes to their positions in PPI. Sound Income Strategies LLC purchased a new position in AXS Astoria Real Assets ETF during the first quarter worth approximately $94,000. Ameriprise Financial Inc. purchased a new stake in AXS Astoria Real Assets ETF in the 3rd quarter valued at $326,000. Cascades Capital Asset Management LLC grew its holdings in AXS Astoria Real Assets ETF by 49.1% in the 4th quarter. Cascades Capital Asset Management LLC now owns 61,723 shares of the company’s stock valued at $1,150,000 after buying an additional 20,323 shares in the last quarter. Vermillion & White Wealth Management Group LLC increased its stake in shares of AXS Astoria Real Assets ETF by 4.2% in the 4th quarter. Vermillion & White Wealth Management Group LLC now owns 188,372 shares of the company’s stock worth $3,548,000 after acquiring an additional 7,590 shares during the last quarter. Finally, Janney Montgomery Scott LLC acquired a new stake in shares of AXS Astoria Real Assets ETF in the 4th quarter worth $3,899,000.

AXS Astoria Real Assets ETF Trading Down 1.1%

PPI stock traded down $0.23 during mid-day trading on Friday, reaching $21.26. The company’s stock had a trading volume of 38,449 shares, compared to its average volume of 42,230. The stock has a market cap of $158.39 million, a PE ratio of 17.44 and a beta of 0.85. AXS Astoria Real Assets ETF has a fifty-two week low of $17.12 and a fifty-two week high of $22.44. The company’s 50 day moving average is $21.28 and its two-hundred day moving average is $21.37.

AXS Astoria Real Assets ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 29th. Stockholders of record on Thursday, June 25th were given a $0.1157 dividend. This represents a $0.46 dividend on an annualized basis and a dividend yield of 2.2%. This is a boost from AXS Astoria Real Assets ETF’s previous quarterly dividend of $0.06. The ex-dividend date was Thursday, June 25th.

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.