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

Pinnacle Focused Opportunities ETF (NYSEARCA:FCUS) was the recipient of a significant drop in short interest in June. As of June 15th, there was short interest totaling 10,462 shares, a drop of 48.1% from the May 31st total of 20,145 shares. Based on an average daily volume of 29,142 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.6% of the shares of the stock are sold short.

Hedge Funds Weigh In On Pinnacle Focused Opportunities ETF

Several hedge funds have recently modified their holdings of FCUS. Magnolia Capital Advisors LLC boosted its position in shares of Pinnacle Focused Opportunities ETF by 5.8% during the fourth 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 last quarter. OLD Mission Capital LLC boosted its holdings in shares of 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 last quarter. Citadel Advisors LLC bought a new position in shares of Pinnacle Focused Opportunities ETF during the 3rd quarter valued at about $621,000. Finally, Hollencrest Capital Management purchased a new position in shares of Pinnacle Focused Opportunities ETF during the fourth quarter valued at about $78,000.

Pinnacle Focused Opportunities ETF Trading Up 2.0%

Shares of FCUS opened at $43.82 on Tuesday. The business’s 50 day moving average is $43.52 and its 200 day moving average is $38.73. Pinnacle Focused Opportunities ETF has a 12-month low of $25.23 and a 12-month high of $47.49. The company has a market capitalization of $76.69 million, a PE ratio of 38.49 and a beta of 1.71.

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.