Short Interest in Pinnacle Focused Opportunities ETF (NYSEARCA:FCUS) Rises By 122.4%

Pinnacle Focused Opportunities ETF (NYSEARCA:FCUS) saw a significant growth in short interest in the month of January. As of January 30th, there was short interest totaling 3,103 shares, a growth of 122.4% from the January 15th total of 1,395 shares. Based on an average daily volume of 37,806 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.2% of the company’s stock are short sold. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 37,806 shares, the days-to-cover ratio is currently 0.1 days.

Pinnacle Focused Opportunities ETF Stock Down 2.6%

FCUS stock traded down $0.99 during midday trading on Thursday, reaching $37.38. 7,431 shares of the company’s stock traded hands, compared to its average volume of 22,925. The firm’s fifty day moving average price is $34.84 and its 200-day moving average price is $32.07. Pinnacle Focused Opportunities ETF has a 52 week low of $19.52 and a 52 week high of $38.90. The company has a market cap of $57.94 million, a price-to-earnings ratio of 38.49 and a beta of 1.80.

Institutional Investors Weigh In On Pinnacle Focused Opportunities ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Magnolia Capital Advisors LLC lifted its position in Pinnacle Focused Opportunities ETF by 4.2% in the 3rd quarter. Magnolia Capital Advisors LLC now owns 185,864 shares of the company’s stock valued at $5,906,000 after acquiring an additional 7,461 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in Pinnacle Focused Opportunities ETF by 4.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 110,410 shares of the company’s stock worth $3,508,000 after purchasing an additional 4,309 shares in the last quarter. Citadel Advisors LLC purchased a new stake in shares of Pinnacle Focused Opportunities ETF in the third quarter worth approximately $621,000. Finally, Hollencrest Capital Management purchased a new stake in shares of Pinnacle Focused Opportunities ETF in the fourth quarter worth approximately $78,000.

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.