PeakShares Sector Rotation ETF (NASDAQ:PSTR) Sees Large Growth in Short Interest

PeakShares Sector Rotation ETF (NASDAQ:PSTR) saw a large growth in short interest in the month of November. As of November 15th, there was short interest totalling 19,600 shares, a growth of 84.9% from the October 31st total of 10,600 shares. Based on an average daily trading volume, of 3,700 shares, the short-interest ratio is presently 5.3 days.

PeakShares Sector Rotation ETF Stock Performance

PeakShares Sector Rotation ETF stock traded down $0.07 during trading on Thursday, reaching $28.59. 403 shares of the company’s stock were exchanged, compared to its average volume of 8,375. The company’s 50-day moving average is $27.84 and its two-hundred day moving average is $26.79. PeakShares Sector Rotation ETF has a 52-week low of $24.53 and a 52-week high of $30.33. The firm has a market cap of $12.29 million and a price-to-earnings ratio of -2.28.

PeakShares Sector Rotation ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, October 2nd. Investors of record on Thursday, September 26th were given a dividend of $0.0424 per share. This represents a $0.51 dividend on an annualized basis and a yield of 1.78%. This is a boost from PeakShares Sector Rotation ETF’s previous monthly dividend of $0.04. The ex-dividend date was Thursday, September 26th. PeakShares Sector Rotation ETF’s dividend payout ratio is -0.64%.