Short Interest in PeakShares Sector Rotation ETF (NASDAQ:PSTR) Decreases By 25.0%

PeakShares Sector Rotation ETF (NASDAQ:PSTR) was the recipient of a significant decline in short interest in the month of May. As of May 31st, there was short interest totalling 5,400 shares, a decline of 25.0% from the May 15th total of 7,200 shares. Based on an average daily volume of 6,500 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.6% of the company’s shares are sold short.

PeakShares Sector Rotation ETF Trading Up 0.1%

Shares of PSTR opened at $27.62 on Thursday. The firm has a market capitalization of $25.96 million and a P/E ratio of -2.20. PeakShares Sector Rotation ETF has a 12-month low of $23.41 and a 12-month high of $30.33. The firm has a fifty day moving average price of $26.90 and a 200-day moving average price of $27.44.

PeakShares Sector Rotation ETF Cuts Dividend

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