Pinnacle Focused Opportunities ETF (NYSEARCA:FCUS) Sees Large Decrease in Short Interest

Pinnacle Focused Opportunities ETF (NYSEARCA:FCUS) was the target of a significant decline in short interest in October. As of October 30th, there was short interest totaling 1,229 shares, a decline of 85.4% from the October 15th total of 8,394 shares. Based on an average daily trading volume, of 25,348 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.1% of the company’s stock are sold short.

Hedge Funds Weigh In On Pinnacle Focused Opportunities ETF

A number of large investors have recently made changes to their positions in the business. Sigma Planning Corp purchased a new stake in shares of Pinnacle Focused Opportunities ETF in the third quarter worth approximately $7,995,000. Walker Asset Management LLC grew its position in Pinnacle Focused Opportunities ETF by 9.2% during the third quarter. Walker Asset Management LLC now owns 43,607 shares of the company’s stock valued at $1,844,000 after purchasing an additional 3,665 shares in the last quarter. Signal Advisors Wealth LLC purchased a new position in Pinnacle Focused Opportunities ETF during the third quarter valued at approximately $827,000. Commonwealth Equity Services LLC purchased a new position in Pinnacle Focused Opportunities ETF during the third quarter valued at approximately $460,000. Finally, Beam Wealth Advisors Inc. acquired a new position in Pinnacle Focused Opportunities ETF in the 3rd quarter valued at approximately $442,000.

Pinnacle Focused Opportunities ETF Trading Down 1.2%

NYSEARCA:FCUS opened at $32.70 on Wednesday. The firm has a market capitalization of $75.21 million, a price-to-earnings ratio of 17.66 and a beta of 1.78. Pinnacle Focused Opportunities ETF has a 1-year low of $28.33 and a 1-year high of $47.49. The business’s fifty day moving average price is $39.33 and its 200 day moving average price is $39.44.

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.