Pinnacle Focused Opportunities ETF (NYSEARCA:FCUS) Short Interest Update

Pinnacle Focused Opportunities ETF (NYSEARCA:FCUS) saw a significant decrease in short interest in August. As of August 14th, there was short interest totaling 962 shares, a decrease of 89.0% from the July 30th total of 8,758 shares. Based on an average daily volume of 13,293 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are sold short.

Pinnacle Focused Opportunities ETF Stock Performance

Shares of NYSEARCA FCUS traded up $0.38 during trading on Tuesday, reaching $36.88. The stock had a trading volume of 11,119 shares, compared to its average volume of 25,169. The company has a market cap of $82.98 million, a P/E ratio of 38.49 and a beta of 1.76. Pinnacle Focused Opportunities ETF has a fifty-two week low of $26.97 and a fifty-two week high of $47.49. The business’s 50-day moving average price is $39.46 and its 200-day moving average price is $39.73.

Hedge Funds Weigh In On Pinnacle Focused Opportunities ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Hollencrest Capital Management purchased a new stake in shares of Pinnacle Focused Opportunities ETF in the 4th quarter valued at about $78,000. Magnolia Capital Advisors LLC lifted its stake in shares of Pinnacle Focused Opportunities ETF by 5.8% in the fourth quarter. Magnolia Capital Advisors LLC now owns 196,650 shares of the company’s stock valued at $6,171,000 after purchasing an additional 10,786 shares during the period. OLD Mission Capital LLC grew its holdings in shares of 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 worth $842,000 after acquiring an additional 14,991 shares during the period. Walker Asset Management LLC raised its holdings in Pinnacle Focused Opportunities ETF by 71.6% during the second quarter. Walker Asset Management LLC now owns 39,942 shares of the company’s stock worth $1,791,000 after purchasing an additional 16,662 shares during the last quarter. Finally, Citadel Advisors LLC purchased a new stake in Pinnacle Focused Opportunities ETF during the third quarter worth $621,000.

About Pinnacle Focused Opportunities ETF

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.