PeakShares Sector Rotation ETF (NASDAQ:PSTR) Short Interest Up 182.0% in June

PeakShares Sector Rotation ETF (NASDAQ:PSTR) was the target of a large increase in short interest in June. As of June 30th, there was short interest totaling 27,006 shares, an increase of 182.0% from the June 15th total of 9,578 shares. Based on an average daily volume of 8,962 shares, the short-interest ratio is presently 3.0 days. Currently, 1.3% of the shares of the company are sold short.

Institutional Investors Weigh In On PeakShares Sector Rotation ETF

An institutional investor recently bought a new stake in PeakShares Sector Rotation ETF stock. Mosley Wealth Management purchased a new position in PeakShares Sector Rotation ETF (NASDAQ:PSTR) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 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 at the end of the most recent quarter.

PeakShares Sector Rotation ETF Stock Performance

NASDAQ PSTR traded down $0.14 during mid-day trading on Monday, reaching $30.82. 377 shares of the stock were exchanged, compared to its average volume of 3,850. The business’s 50 day moving average is $30.71 and its 200-day moving average is $29.69. PeakShares Sector Rotation ETF has a 1 year low of $27.18 and a 1 year high of $31.42. The company has a market capitalization of $63.49 million, a P/E ratio of -2.45 and a beta of 0.65.

PeakShares Sector Rotation ETF Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders 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 dividend on an annualized basis and a dividend yield of 5.0%. PeakShares Sector Rotation ETF’s dividend payout ratio is -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.