Pinnacle Focused Opportunities ETF (NYSEARCA:FCUS) Short Interest Up 72.8% in March

Pinnacle Focused Opportunities ETF (NYSEARCA:FCUS) saw a significant increase in short interest in March. As of March 13th, there was short interest totaling 11,638 shares, an increase of 72.8% from the February 26th total of 6,736 shares. Based on an average daily volume of 23,252 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.8% of the company’s shares are short sold.

Pinnacle Focused Opportunities ETF Stock Performance

FCUS traded up $0.18 during trading on Friday, hitting $35.44. 52,030 shares of the stock were exchanged, compared to its average volume of 25,634. The firm has a 50 day simple moving average of $37.25 and a 200 day simple moving average of $34.15. The firm has a market cap of $54.93 million, a price-to-earnings ratio of 38.49 and a beta of 1.80. Pinnacle Focused Opportunities ETF has a 1 year low of $19.52 and a 1 year high of $42.46.

Hedge Funds Weigh In On Pinnacle Focused Opportunities ETF

Institutional investors have recently made changes to their positions in the company. Magnolia Capital Advisors LLC raised its holdings in shares of Pinnacle Focused Opportunities ETF by 4.2% in 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 in the last quarter. OLD Mission Capital LLC grew its holdings in Pinnacle Focused Opportunities ETF by 126.5% during 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 in the last quarter. Citadel Advisors LLC bought a new position in Pinnacle Focused Opportunities ETF during the 3rd quarter worth about $621,000. Hollencrest Capital Management purchased a new position in Pinnacle Focused Opportunities ETF during the 4th quarter valued at about $78,000. Finally, Farther Finance Advisors LLC raised its holdings in shares of Pinnacle Focused Opportunities ETF by 4.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 110,410 shares of the company’s stock valued at $3,508,000 after purchasing an additional 4,309 shares in 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.