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

Pinnacle Focused Opportunities ETF (NYSEARCA:FCUS) saw a large 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 days-to-cover ratio is presently 1.0 days. Currently, 2.1% of the company’s stock are sold short.

Pinnacle Focused Opportunities ETF Trading Up 0.5%

NYSEARCA FCUS traded up $0.24 during trading hours on Thursday, reaching $45.23. 3,929 shares of the company traded hands, compared to its average volume of 27,369. Pinnacle Focused Opportunities ETF has a 12 month low of $24.37 and a 12 month high of $47.20. The stock has a market capitalization of $79.15 million, a PE ratio of 38.49 and a beta of 1.71. The company has a 50 day moving average of $40.02 and a two-hundred day moving average of $36.69.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. OLD Mission Capital LLC boosted its position 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 valued at $842,000 after purchasing an additional 14,991 shares during the period. Magnolia Capital Advisors LLC boosted its position in Pinnacle Focused Opportunities ETF by 5.8% during the 4th quarter. Magnolia Capital Advisors LLC now owns 196,650 shares of the company’s stock worth $6,171,000 after acquiring an additional 10,786 shares during the period. Hollencrest Capital Management acquired a new position in Pinnacle Focused Opportunities ETF during the 4th quarter worth $78,000. Finally, Citadel Advisors LLC acquired a new position in Pinnacle Focused Opportunities ETF during the 3rd quarter worth $621,000.

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.