PeakShares Sector Rotation ETF (NASDAQ:PSTR) Sees Large Increase in Short Interest

PeakShares Sector Rotation ETF (NASDAQ:PSTR) was the target of a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 27,006 shares, an increase of 182.0% from the June 15th total of 9,578 shares. Approximately 1.3% of the company’s shares are sold short. Based on an average daily trading volume, of 8,962 shares, the days-to-cover ratio is currently 3.0 days.

PeakShares Sector Rotation ETF Trading Down 0.1%

PSTR traded down $0.04 during trading on Tuesday, reaching $30.80. 3,670 shares of the company’s stock were exchanged, compared to its average volume of 3,848. PeakShares Sector Rotation ETF has a one year low of $27.18 and a one year high of $31.42. The stock has a market capitalization of $63.45 million, a PE ratio of -2.45 and a beta of 0.65. The firm has a fifty day moving average price of $30.73 and a two-hundred day moving average price of $29.71.

PeakShares Sector Rotation ETF Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were given a dividend of $0.385 per share. The ex-dividend date was Tuesday, June 23rd. This represents a $1.54 annualized dividend and a dividend yield of 5.0%. PeakShares Sector Rotation ETF’s dividend payout ratio is -11.86%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in PeakShares Sector Rotation ETF stock. Mosley Wealth Management bought a new stake in shares of PeakShares Sector Rotation ETF (NASDAQ:PSTR) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 42,899 shares of the company’s stock, valued at approximately $1,230,000. Mosley Wealth Management owned approximately 2.33% of PeakShares Sector Rotation ETF at the end of the most recent reporting period.

About PeakShares Sector Rotation ETF

The Peakshares Sector Rotation ETF (PSTR) is an exchange-traded fund that mostly invests in total market equity. The fund seeks to provide total return by actively managing a narrow portfolio of US equities. The portfolio rotates towards sectors thought to have the greatest potential for outperformance. PSTR was launched on Apr 30, 2024 and is issued by Peak.