PeakShares Sector Rotation ETF (NASDAQ:PSTR) Short Interest Down 61.3% in July

PeakShares Sector Rotation ETF (NASDAQ:PSTR) saw a large drop in short interest during 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. Based on an average daily trading volume, of 4,142 shares, the days-to-cover ratio is currently 2.5 days. Currently, 0.5% of the shares of the company are sold short.

Hedge Funds Weigh In On PeakShares Sector Rotation ETF

An institutional investor recently bought a new stake in PeakShares Sector Rotation ETF stock. Mosley Wealth Management purchased a new position in PeakShares Sector Rotation ETF (NASDAQ:PSTR) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 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 at the end of the most recent quarter.

PeakShares Sector Rotation ETF Stock Performance

Shares of NASDAQ PSTR traded up $0.14 during midday trading on Tuesday, hitting $30.90. The company’s stock had a trading volume of 9,009 shares, compared to its average volume of 3,728. PeakShares Sector Rotation ETF has a 1-year low of $27.18 and a 1-year high of $31.42. The firm’s fifty day moving average price is $30.78 and its 200-day moving average price is $29.82. The firm has a market cap of $63.65 million, a P/E ratio of -2.46 and a beta of 0.65.

PeakShares Sector Rotation ETF Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were paid a $0.385 dividend. This represents a $1.54 dividend on an annualized basis 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%.

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.