AXS Real Estate Income ETF (NYSEARCA:RINC) to Issue Dividend of $0.20

AXS Real Estate Income ETF (NYSEARCA:RINC) declared a dividend on Thursday, October 24th, NASDAQ reports. Stockholders of record on Friday, October 25th will be paid a dividend of 0.20 per share on Wednesday, October 30th. The ex-dividend date is Friday, October 25th.

AXS Real Estate Income ETF Stock Performance

Shares of NYSEARCA:RINC traded down $0.46 during midday trading on Friday, reaching $23.01. 2,520 shares of the company’s stock traded hands, compared to its average volume of 4,940. AXS Real Estate Income ETF has a 1 year low of $20.75 and a 1 year high of $26.69. The company has a market cap of $44.87 million, a P/E ratio of 9.83 and a beta of 1.27. The company has a fifty day simple moving average of $23.97 and a two-hundred day simple moving average of $23.43.

About AXS Real Estate Income ETF

The AXS Real Estate Income ETF (RINC) is an exchange-traded fund that is based on the Gapstow Real Estate Income index. The fund tracks a modified equal-weighted index that provides diversified exposure to US mortgage REITs. The fund uses leverage to seek high yields as compared to other asset classes.