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

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

PeakShares Sector Rotation ETF Stock Down 0.5%

Shares of PSTR stock traded down $0.14 during trading hours on Monday, hitting $30.82. 377 shares of the company’s stock were exchanged, compared to its average volume of 3,850. The firm has a 50 day moving average of $30.71 and a two-hundred day moving average of $29.69. PeakShares Sector Rotation ETF has a fifty-two week low of $27.18 and a fifty-two week high of $31.42. The firm has a market cap of $63.49 million, a P/E ratio of -2.45 and a beta of 0.65.

PeakShares Sector Rotation ETF Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were given a dividend of $0.385 per share. This represents a $1.54 annualized dividend and a dividend yield of 5.0%. The ex-dividend date was Tuesday, June 23rd. PeakShares Sector Rotation ETF’s payout ratio is presently -11.86%.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in PeakShares Sector Rotation ETF stock. Mosley Wealth Management bought a new position in shares of PeakShares Sector Rotation ETF (NASDAQ:PSTR) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund 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 as of its most recent SEC filing.

PeakShares Sector Rotation ETF Company Profile

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.