Pinnacle Focused Opportunities ETF (NYSEARCA:FCUS – Get Free Report) was the recipient of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 1,620 shares, a growth of 68.4% from the August 15th total of 962 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 12,155 shares, the days-to-cover ratio is presently 0.1 days.
Institutional Inflows and Outflows
An institutional investor recently raised its position in Pinnacle Focused Opportunities ETF stock. Walker Asset Management LLC increased its holdings in shares of Pinnacle Focused Opportunities ETF (NYSEARCA:FCUS – Free Report) by 71.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 39,942 shares of the company’s stock after purchasing an additional 16,662 shares during the quarter. Pinnacle Focused Opportunities ETF makes up approximately 0.9% of Walker Asset Management LLC’s portfolio, making the stock its 20th biggest position. Walker Asset Management LLC owned approximately 1.78% of Pinnacle Focused Opportunities ETF worth $1,791,000 as of its most recent SEC filing.
Pinnacle Focused Opportunities ETF Price Performance
Pinnacle Focused Opportunities ETF stock opened at $40.25 on Friday. Pinnacle Focused Opportunities ETF has a 1-year low of $28.33 and a 1-year high of $47.49. The stock has a market cap of $120.71 million, a PE ratio of 38.49 and a beta of 1.75. The stock’s fifty day moving average is $37.53 and its two-hundred day moving average is $39.67.
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.
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