Short Interest in Pinnacle Focused Opportunities ETF (NYSEARCA:FCUS) Drops By 89.0%

Pinnacle Focused Opportunities ETF (NYSEARCA:FCUS) saw a large decrease in short interest in the month of August. As of August 14th, there was short interest totaling 962 shares, a decrease of 89.0% from the July 30th total of 8,758 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 13,293 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Investors Weigh In On Pinnacle Focused Opportunities ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Citadel Advisors LLC bought a new position in shares of Pinnacle Focused Opportunities ETF in the third quarter worth $621,000. Hollencrest Capital Management bought a new position in Pinnacle Focused Opportunities ETF in the 4th quarter worth about $78,000. Magnolia Capital Advisors LLC grew its holdings 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 valued at $6,171,000 after buying an additional 10,786 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 valued at $842,000 after buying an additional 14,991 shares in the last quarter. Finally, Walker Asset Management LLC increased its position in shares of Pinnacle Focused Opportunities ETF by 71.6% during the second quarter. Walker Asset Management LLC now owns 39,942 shares of the company’s stock valued at $1,791,000 after buying an additional 16,662 shares during the period.

Pinnacle Focused Opportunities ETF Stock Up 0.6%

Pinnacle Focused Opportunities ETF stock traded up $0.22 during midday trading on Thursday, reaching $37.57. The stock had a trading volume of 7,546 shares, compared to its average volume of 25,007. The firm has a market capitalization of $84.53 million, a PE ratio of 38.49 and a beta of 1.76. Pinnacle Focused Opportunities ETF has a 12 month low of $26.97 and a 12 month high of $47.49. The firm’s 50-day moving average price is $39.16 and its 200 day moving average price is $39.75.

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.