Pinnacle Focused Opportunities ETF (NYSEARCA:FCUS) Short Interest Down 15.1% in February

Pinnacle Focused Opportunities ETF (NYSEARCA:FCUS) was the recipient of a large drop in short interest in February. As of February 13th, there was short interest totaling 2,633 shares, a drop of 15.1% from the January 29th total of 3,103 shares. Based on an average daily trading volume, of 17,292 shares, the short-interest ratio is currently 0.2 days. Currently, 0.2% of the shares of the stock are sold short. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 17,292 shares, the short-interest ratio is currently 0.2 days.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Hollencrest Capital Management purchased a new stake in shares of Pinnacle Focused Opportunities ETF in the fourth quarter valued at about $78,000. Citadel Advisors LLC acquired a new stake in Pinnacle Focused Opportunities ETF in the third quarter valued at about $621,000. OLD Mission Capital LLC boosted its holdings in Pinnacle Focused Opportunities ETF by 126.5% in the 4th quarter. OLD Mission Capital LLC now owns 26,844 shares of the company’s stock valued at $842,000 after purchasing an additional 14,991 shares in the last quarter. Farther Finance Advisors LLC increased its position 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 during the period. Finally, Magnolia Capital Advisors LLC increased its position in 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 worth $5,906,000 after purchasing an additional 7,461 shares during the period.

Pinnacle Focused Opportunities ETF Stock Performance

Shares of Pinnacle Focused Opportunities ETF stock traded up $0.53 during trading hours on Wednesday, hitting $37.48. The company’s stock had a trading volume of 28,896 shares, compared to its average volume of 22,626. The stock has a market cap of $58.09 million, a price-to-earnings 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 $42.46. The firm has a fifty day moving average of $36.38 and a 200-day moving average of $33.16.

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.