Short Interest in PeakShares Sector Rotation ETF (NASDAQ:PSTR) Grows By 182.0%

PeakShares Sector Rotation ETF (NASDAQ:PSTR) was the target of a significant 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. Currently, 1.3% of the shares of the stock are sold short. Based on an average daily volume of 8,962 shares, the short-interest ratio is presently 3.0 days.

Institutional Investors Weigh In On PeakShares Sector Rotation ETF

An institutional investor recently bought a new position in PeakShares Sector Rotation ETF stock. Mosley Wealth Management bought a new stake in PeakShares Sector Rotation ETF (NASDAQ:PSTR) during the 4th quarter, according to the company in its most recent 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.

PeakShares Sector Rotation ETF Stock Up 0.1%

Shares of NASDAQ PSTR traded up $0.03 during trading on Wednesday, hitting $30.80. The company had a trading volume of 3,670 shares, compared to its average volume of 3,848. The firm has a market capitalization of $63.45 million, a price-to-earnings ratio of -2.45 and a beta of 0.65. The stock has a fifty day simple moving average of $30.74 and a two-hundred day simple moving average of $29.72. PeakShares Sector Rotation ETF has a fifty-two week low of $27.18 and a fifty-two week high of $31.42.

PeakShares Sector Rotation ETF Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were issued a $0.385 dividend. This represents a $1.54 annualized dividend and a yield of 5.0%. The ex-dividend date was Tuesday, June 23rd. PeakShares Sector Rotation ETF’s payout ratio is presently -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.