PeakShares Sector Rotation ETF (NASDAQ:PSTR) Sees Significant Decline in Short Interest

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. Currently, 0.5% of the shares of the company are sold short. Based on an average trading volume of 4,142 shares, the short-interest ratio is presently 2.5 days.

Hedge Funds Weigh In On 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:PSTRFree Report) in the 4th quarter, according to its most recent filing with the SEC. The fund bought 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 reporting period.

PeakShares Sector Rotation ETF Trading Up 0.2%

Shares of PSTR stock opened at $30.61 on Monday. The stock has a 50 day moving average of $30.77 and a 200 day moving average of $29.81. The stock has a market cap of $63.06 million, a P/E ratio of -2.44 and a beta of 0.65. PeakShares Sector Rotation ETF has a twelve month low of $27.18 and a twelve month high of $31.42.

PeakShares Sector Rotation ETF Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were paid a dividend of $0.385 per share. The ex-dividend date of this dividend 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 (DPR) is presently -11.86%.

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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