Short Interest in Pinnacle Focused Opportunities ETF (NYSEARCA:FCUS) Increases By 1,140.3%

Pinnacle Focused Opportunities ETF (NYSEARCA:FCUS) saw a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 36,280 shares, a growth of 1,140.3% from the April 30th total of 2,925 shares. Based on an average daily volume of 36,011 shares, the short-interest ratio is currently 1.0 days. Currently, 2.1% of the shares of the stock are short sold.

Pinnacle Focused Opportunities ETF Trading Down 0.9%

FCUS traded down $0.39 during trading hours on Wednesday, hitting $44.99. The company’s stock had a trading volume of 48,916 shares, compared to its average volume of 27,604. The business’s 50-day moving average price is $40.02 and its 200-day moving average price is $36.69. Pinnacle Focused Opportunities ETF has a 12 month low of $24.37 and a 12 month high of $45.83. The stock has a market cap of $78.73 million, a price-to-earnings ratio of 38.49 and a beta of 1.71.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Hollencrest Capital Management bought a new position in Pinnacle Focused Opportunities ETF during the fourth quarter valued at $78,000. Citadel Advisors LLC bought a new position in Pinnacle Focused Opportunities ETF during the third quarter valued at $621,000. OLD Mission Capital LLC increased its position in Pinnacle Focused Opportunities ETF by 126.5% during the fourth quarter. OLD Mission Capital LLC now owns 26,844 shares of the company’s stock valued at $842,000 after acquiring an additional 14,991 shares during the last quarter. Finally, Magnolia Capital Advisors LLC increased its position in Pinnacle Focused Opportunities ETF by 4.2% during the third 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 during the last quarter.

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.