PeakShares Sector Rotation ETF (NASDAQ:PSTR – Get Free Report) was the recipient of a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 10,453 shares, a drop of 61.3% from the June 30th total of 27,006 shares. Based on an average daily volume of 4,142 shares, the short-interest ratio is presently 2.5 days. Approximately 0.5% of the shares of the stock are sold short.
PeakShares Sector Rotation ETF Price Performance
PSTR opened at $30.90 on Wednesday. PeakShares Sector Rotation ETF has a 1-year low of $27.18 and a 1-year high of $31.42. The stock has a market cap of $63.65 million, a P/E ratio of -2.46 and a beta of 0.65. The stock’s 50 day simple moving average is $30.79 and its 200 day simple moving average is $29.84.
PeakShares Sector Rotation ETF Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were given a $0.385 dividend. 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 payout ratio is currently -11.86%.
Hedge Funds Weigh In On PeakShares Sector Rotation ETF
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.
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