AXS Astoria Inflation Sensitive ETF (NYSEARCA:PPI) Trading 0.6% Higher – Time to Buy?

AXS Astoria Inflation Sensitive ETF (NYSEARCA:PPI)’s stock price rose 0.6% during mid-day trading on Wednesday . The stock traded as high as $15.33 and last traded at $15.31. Approximately 3,765 shares were traded during mid-day trading, a decline of 82% from the average daily volume of 20,568 shares. The stock had previously closed at $15.22.

AXS Astoria Inflation Sensitive ETF Stock Down 0.4 %

The business has a fifty day moving average of $15.08 and a 200 day moving average of $15.19. The firm has a market cap of $60.85 million, a P/E ratio of 3.53 and a beta of 0.77.

Institutional Investors Weigh In On AXS Astoria Inflation Sensitive ETF

A hedge fund recently raised its stake in AXS Astoria Inflation Sensitive ETF stock. Onyx Bridge Wealth Group LLC grew its position in AXS Astoria Inflation Sensitive ETF (NYSEARCA:PPI) by 13.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 48,760 shares of the company’s stock after purchasing an additional 5,966 shares during the quarter. Onyx Bridge Wealth Group LLC owned about 1.22% of AXS Astoria Inflation Sensitive ETF worth $756,000 as of its most recent SEC filing.

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.