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

PeakShares Sector Rotation ETF (NASDAQ:PSTR) was the target of a large decline in short interest during the month of February. As of February 15th, there was short interest totalling 3,100 shares, a decline of 56.3% from the January 31st total of 7,100 shares. Based on an average trading volume of 4,900 shares, the days-to-cover ratio is currently 0.6 days.

PeakShares Sector Rotation ETF Trading Up 1.0 %

PSTR stock opened at $28.16 on Friday. The stock’s 50 day simple moving average is $28.11 and its 200 day simple moving average is $27.79. PeakShares Sector Rotation ETF has a 12-month low of $24.53 and a 12-month high of $30.33. The firm has a market cap of $19.71 million and a P/E ratio of -2.24.

PeakShares Sector Rotation ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Thursday, January 2nd. Stockholders of record on Thursday, December 26th were given a $0.3505 dividend. The ex-dividend date was Thursday, December 26th. PeakShares Sector Rotation ETF’s payout ratio is currently -3.42%.

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.