AXS Astoria Inflation Sensitive ETF (NYSEARCA:PPI) Shares Up 0.6% – Should You Buy?

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

AXS Astoria Inflation Sensitive ETF Trading Up 0.6 %

The firm has a 50 day moving average of $15.09 and a two-hundred day moving average of $15.19. The stock has a market capitalization of $61.09 million, a PE ratio of 3.53 and a beta of 0.77.

Hedge Funds Weigh In On AXS Astoria Inflation Sensitive ETF

An institutional investor recently raised its position in AXS Astoria Inflation Sensitive ETF stock. Onyx Bridge Wealth Group LLC grew its stake 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 & Exchange Commission. The institutional investor owned 48,760 shares of the company’s stock after acquiring 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 at the end of the most recent quarter.

About AXS Astoria Inflation Sensitive ETF

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.