Short Interest in PeakShares Sector Rotation ETF (NASDAQ:PSTR) Decreases By 96.2%

PeakShares Sector Rotation ETF (NASDAQ:PSTR) was the recipient of a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 358 shares, a decline 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. Approximately 0.0% of the shares of the company are sold short.

Institutional Trading of PeakShares Sector Rotation ETF

An institutional investor recently bought a new stake in PeakShares Sector Rotation ETF stock. Mosley Wealth Management bought a new position in shares of PeakShares Sector Rotation ETF (NASDAQ:PSTR) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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 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 mid-day trading on Friday, reaching $31.84. 7,732 shares of the company were exchanged, compared to its average volume of 3,878. The stock has a market capitalization of $65.58 million, a P/E ratio of -2.53 and a beta of 0.64. The company’s 50-day simple moving average is $31.48 and its 200-day simple moving average is $30.40. PeakShares Sector Rotation ETF has a twelve month low of $27.18 and a twelve month high of $32.35.

PeakShares Sector Rotation ETF Dividend Announcement

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

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.