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

Pinnacle Focused Opportunities ETF (NYSEARCA:FCUS) saw a significant decline in short interest during the month of December. As of December 15th, there was short interest totaling 1,434 shares, a decline of 21.8% from the November 30th total of 1,834 shares. Based on an average daily volume of 9,683 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the company’s stock are sold short. Currently, 0.1% of the company’s stock are sold short. Based on an average daily volume of 9,683 shares, the short-interest ratio is presently 0.1 days.

Pinnacle Focused Opportunities ETF Price Performance

Shares of FCUS stock traded down $0.18 during mid-day trading on Tuesday, hitting $31.67. 25,302 shares of the stock traded hands, compared to its average volume of 12,058. Pinnacle Focused Opportunities ETF has a 52-week low of $19.52 and a 52-week high of $35.52. The stock has a market cap of $46.87 million, a P/E ratio of 38.49 and a beta of 1.80. The stock’s fifty day moving average is $32.74 and its two-hundred day moving average is $29.81.

Pinnacle Focused Opportunities ETF Announces Dividend

The company also recently announced an annual dividend, which will be paid on Tuesday, December 30th. Investors of record on Monday, December 29th will be given a dividend of $1.3591 per share. The ex-dividend date of this dividend is Monday, December 29th. This represents a yield of 427.0%.

Hedge Funds Weigh In On Pinnacle Focused Opportunities ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. Citadel Advisors LLC purchased a new stake in shares of Pinnacle Focused Opportunities ETF during the 3rd quarter valued at $621,000. Magnolia Capital Advisors LLC grew its stake 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 buying an additional 7,461 shares during the last quarter. Finally, 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 valued at $3,508,000 after buying an additional 4,309 shares in the last quarter.

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.