PeakShares Sector Rotation ETF (NASDAQ:PSTR) Short Interest Update

PeakShares Sector Rotation ETF (NASDAQ:PSTR) was the target of a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 7,900 shares, a drop of 45.5% from the August 31st total of 14,500 shares. Based on an average daily trading volume, of 5,600 shares, the days-to-cover ratio is presently 1.4 days. Based on an average daily trading volume, of 5,600 shares, the days-to-cover ratio is presently 1.4 days.

PeakShares Sector Rotation ETF Price Performance

Shares of PeakShares Sector Rotation ETF stock opened at $28.63 on Friday. PeakShares Sector Rotation ETF has a fifty-two week low of $23.41 and a fifty-two week high of $30.33. The firm has a fifty day moving average price of $28.23 and a two-hundred day moving average price of $27.44. The company has a market cap of $35.21 million and a PE ratio of -2.28.

PeakShares Sector Rotation ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Tuesday, September 23rd were issued a dividend of $0.3565 per share. This represents a $1.43 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date of this dividend was Tuesday, September 23rd. This is a positive change from PeakShares Sector Rotation ETF’s previous quarterly dividend of $0.34. PeakShares Sector Rotation ETF’s payout ratio is -11.07%.

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.