PeakShares Sector Rotation ETF (NASDAQ:PSTR) Short Interest Up 100.0% in March

PeakShares Sector Rotation ETF (NASDAQ:PSTR) saw a large increase in short interest in 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 daily trading volume, of 6,000 shares, the short-interest ratio is currently 1.2 days. Currently, 1.1% of the shares of the stock are sold short.

PeakShares Sector Rotation ETF Price Performance

NASDAQ PSTR traded down $0.44 during trading hours on Friday, hitting $26.78. 1,281 shares of the company’s stock traded hands, compared to its average volume of 6,237. The company has a market capitalization of $17.14 million and a PE ratio of -2.13. PeakShares Sector Rotation ETF has a 52-week low of $24.53 and a 52-week high of $30.33. The firm’s 50-day moving average is $27.91 and its 200-day moving average is $27.89.

PeakShares Sector Rotation ETF Cuts Dividend

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

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.