PeakShares Sector Rotation ETF (NASDAQ:PSTR) Short Interest Update

PeakShares Sector Rotation ETF (NASDAQ:PSTR) was the target of a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 1,274 shares, an increase of 255.9% from the August 31st total of 358 shares. Based on an average trading volume of 2,732 shares, the short-interest ratio is currently 0.5 days. Currently, 0.1% of the company’s stock are short sold.

Institutional Trading of PeakShares Sector Rotation ETF

A hedge fund recently bought a new stake in PeakShares Sector Rotation ETF stock. Mosley Wealth Management bought a new stake in PeakShares Sector Rotation ETF (NASDAQ:PSTR) during the fourth quarter, according to its most recent filing with the SEC. The firm 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 Price Performance

PSTR traded up $0.02 on Friday, hitting $31.42. The company had a trading volume of 502 shares, compared to its average volume of 3,855. The company’s fifty day moving average price is $31.68 and its 200 day moving average price is $30.57. PeakShares Sector Rotation ETF has a 1-year low of $27.18 and a 1-year high of $32.35. The stock has a market cap of $65.98 million, a price-to-earnings ratio of -2.50 and a beta of 0.64.

PeakShares Sector Rotation ETF Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 23rd will be given a $0.4008 dividend. This is a positive change from PeakShares Sector Rotation ETF’s previous quarterly dividend of $0.3850. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date of this dividend is Wednesday, September 23rd. PeakShares Sector Rotation ETF’s payout ratio is -12.18%.

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.