PeakShares Sector Rotation ETF (NASDAQ:PSTR) Sees Significant Decrease in Short Interest

PeakShares Sector Rotation ETF (NASDAQ:PSTR) saw a large decrease in short interest in the month of August. As of August 31st, there was short interest totaling 358 shares, a decrease of 96.2% from the August 15th total of 9,486 shares. Based on an average daily volume of 3,633 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are sold short.

Institutional Investors Weigh In On PeakShares Sector Rotation ETF

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

PeakShares Sector Rotation ETF Stock Up 0.6%

Shares of NASDAQ:PSTR traded up $0.20 during midday trading on Friday, reaching $31.84. The company’s stock had a trading volume of 7,903 shares, compared to its average volume of 3,890. The firm has a market cap of $65.58 million, a price-to-earnings ratio of -2.53 and a beta of 0.64. The business has a 50 day moving average price of $31.51 and a 200 day moving average price of $30.41. PeakShares Sector Rotation ETF has a 1 year low of $27.18 and a 1 year high of $32.35.

PeakShares Sector Rotation ETF Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were paid a dividend of $0.385 per share. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $1.54 dividend on an annualized basis and a dividend yield of 4.8%. PeakShares Sector Rotation ETF’s dividend payout ratio is currently -11.86%.

PeakShares Sector Rotation ETF Company Profile

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.