Short Interest in PeakShares Sector Rotation ETF (NASDAQ:PSTR) Grows By 100.0%

PeakShares Sector Rotation ETF (NASDAQ:PSTR) was the target of a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 7,000 shares, an increase of 100.0% from the February 28th total of 3,500 shares. Based on an average trading volume of 6,000 shares, the short-interest ratio is currently 1.2 days. Approximately 1.1% of the company’s shares are short sold.

PeakShares Sector Rotation ETF Price Performance

Shares of PSTR stock traded down $0.44 during trading hours on Friday, hitting $26.78. The company had a trading volume of 1,281 shares, compared to its average volume of 6,237. The stock has a market capitalization of $17.14 million and a PE ratio of -2.13. The company’s fifty day moving average is $27.91 and its 200 day moving average is $27.89. PeakShares Sector Rotation ETF has a fifty-two week low of $24.53 and a fifty-two week high of $30.33.

PeakShares Sector Rotation ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Wednesday, March 26th. Stockholders of record on Friday, March 21st were given a dividend of $0.3414 per share. The ex-dividend date was Friday, March 21st. PeakShares Sector Rotation ETF’s dividend payout ratio is currently -6.13%.

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.