Pinnacle Focused Opportunities ETF (NYSEARCA:FCUS) Short Interest Up 206.0% in December

Pinnacle Focused Opportunities ETF (NYSEARCA:FCUS) was the recipient of a large increase in short interest in the month of December. As of December 31st, there was short interest totaling 4,388 shares, an increase of 206.0% from the December 15th total of 1,434 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 6,547 shares, the short-interest ratio is currently 0.7 days. Based on an average daily trading volume, of 6,547 shares, the short-interest ratio is currently 0.7 days. Approximately 0.3% of the shares of the stock are short sold.

Hedge Funds Weigh In On Pinnacle Focused Opportunities ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Magnolia Capital Advisors LLC increased its position in shares of Pinnacle Focused Opportunities ETF by 4.2% during the 3rd quarter. Magnolia Capital Advisors LLC now owns 185,864 shares of the company’s stock valued at $5,906,000 after purchasing an additional 7,461 shares during the period. Farther Finance Advisors LLC lifted its holdings in shares of Pinnacle Focused Opportunities ETF by 4.1% in the third quarter. Farther Finance Advisors LLC now owns 110,410 shares of the company’s stock valued at $3,508,000 after buying an additional 4,309 shares during the period. Finally, Citadel Advisors LLC bought a new position in Pinnacle Focused Opportunities ETF during the third quarter valued at about $621,000.

Pinnacle Focused Opportunities ETF Stock Performance

Shares of NYSEARCA:FCUS traded down $0.30 during trading on Wednesday, reaching $35.64. The company had a trading volume of 10,314 shares, compared to its average volume of 11,179. The firm’s fifty day moving average is $32.76 and its 200 day moving average is $30.50. The firm has a market capitalization of $51.68 million, a PE ratio of 38.49 and a beta of 1.80. Pinnacle Focused Opportunities ETF has a twelve month low of $19.52 and a twelve month high of $36.21.

Pinnacle Focused Opportunities ETF Company Profile

The Pinnacle Focused Opportunities ETF (FCUS) is an exchange-traded fund that is based on the EQM Pinnacle Focused Equity index. The fund is an actively managed fund that toggles between large-cap equities and Treasurys, or a combination of both, based on a proprietary model that identifies positive and negative market signals in the US equity market. FCUS was launched on Dec 29, 2022 and is managed by Pinnacle.