PeakShares Sector Rotation ETF (NASDAQ:PSTR) Short Interest Down 61.3% in July

PeakShares Sector Rotation ETF (NASDAQ:PSTRGet 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

A hedge fund recently bought a new position in PeakShares Sector Rotation ETF stock. Mosley Wealth Management bought a new position in shares of PeakShares Sector Rotation ETF (NASDAQ:PSTRFree Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 42,899 shares of the company’s stock, valued at approximately $1,230,000. Mosley Wealth Management owned about 2.33% of PeakShares Sector Rotation ETF at the end of the most recent quarter.

PeakShares Sector Rotation ETF Company Profile

(Get Free Report)

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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