PeakShares Sector Rotation ETF (NASDAQ:PSTR) Stock Short Interest Rises 255.9%

PeakShares Sector Rotation ETF (NASDAQ:PSTR – Get Free Report) was the target of a large increase in short interest in 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. Approximately 0.1% of the shares of the stock are short sold. Based on an average trading volume of 2,732 shares, the days-to-cover ratio is presently 0.5 days.

PeakShares Sector Rotation ETF Stock Down 0.2%

Shares of PeakShares Sector Rotation ETF stock opened at $31.42 on Monday. The stock’s fifty day moving average is $31.68 and its 200-day moving average is $30.58. The firm has a market capitalization of $65.98 million, a PE ratio of -2.50 and a beta of 0.64. PeakShares Sector Rotation ETF has a 12-month low of $27.18 and a 12-month high of $32.35.

PeakShares Sector Rotation ETF Increases Dividend

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

Institutional Trading of PeakShares Sector Rotation ETF

An institutional investor recently bought a new position in PeakShares Sector Rotation ETF stock. Mosley Wealth Management bought a new position in PeakShares Sector Rotation ETF (NASDAQ:PSTR – Free Report) during the 4th quarter, according to 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 at the end of the most recent reporting period.

About PeakShares Sector Rotation ETF

(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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