Short Interest in PeakShares Sector Rotation ETF (NASDAQ:PSTR) Rises By 360.9%

PeakShares Sector Rotation ETF (NASDAQ:PSTR) was the target of a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 10,600 shares, an increase of 360.9% from the October 15th total of 2,300 shares. Based on an average trading volume of 1,500 shares, the short-interest ratio is currently 7.1 days.

PeakShares Sector Rotation ETF Stock Up 0.1 %

Shares of PSTR stock traded up $0.02 during mid-day trading on Tuesday, reaching $28.44. 13,275 shares of the company were exchanged, compared to its average volume of 8,375. The company has a market capitalization of $12.23 million and a P/E ratio of -2.26. PeakShares Sector Rotation ETF has a fifty-two week low of $24.53 and a fifty-two week high of $28.50. The company has a 50 day moving average price of $27.43.

PeakShares Sector Rotation ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Thursday, September 26th were paid a $0.0424 dividend. This is an increase from PeakShares Sector Rotation ETF’s previous monthly dividend of $0.04. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $0.51 annualized dividend and a dividend yield of 1.79%. PeakShares Sector Rotation ETF’s dividend payout ratio (DPR) is presently -0.64%.