Pinnacle Focused Opportunities ETF (NYSEARCA:FCUS) Sees Significant Increase in Short Interest

Pinnacle Focused Opportunities ETF (NYSEARCA:FCUS) was the recipient of a significant increase in short interest in the month of February. As of February 27th, there was short interest totaling 6,736 shares, an increase of 155.8% from the February 12th total of 2,633 shares. Based on an average trading volume of 21,734 shares, the short-interest ratio is currently 0.3 days. Currently, 0.4% of the company’s shares are sold short. Currently, 0.4% of the company’s shares are sold short. Based on an average trading volume of 21,734 shares, the short-interest ratio is currently 0.3 days.

Institutional Trading of Pinnacle Focused Opportunities ETF

Several hedge funds have recently bought and sold shares of FCUS. Hollencrest Capital Management acquired a new stake in shares of Pinnacle Focused Opportunities ETF during the fourth quarter worth $78,000. Farther Finance Advisors LLC boosted its stake in 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 worth $3,508,000 after purchasing an additional 4,309 shares during the period. Magnolia Capital Advisors LLC increased its holdings in Pinnacle Focused Opportunities ETF by 4.2% during the 3rd quarter. Magnolia Capital Advisors LLC now owns 185,864 shares of the company’s stock worth $5,906,000 after purchasing an additional 7,461 shares in the last quarter. OLD Mission Capital LLC raised its stake in shares of Pinnacle Focused Opportunities ETF by 126.5% in 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. Finally, Citadel Advisors LLC acquired a new stake in shares of Pinnacle Focused Opportunities ETF in the 3rd quarter valued at about $621,000.

Pinnacle Focused Opportunities ETF Price Performance

Shares of Pinnacle Focused Opportunities ETF stock traded up $0.09 during trading hours on Wednesday, hitting $36.62. The company’s stock had a trading volume of 17,319 shares, compared to its average volume of 22,954. The company has a market capitalization of $56.76 million, a PE ratio of 38.49 and a beta of 1.80. The stock has a 50 day moving average of $36.69 and a 200 day moving average of $33.49. Pinnacle Focused Opportunities ETF has a 12 month low of $19.52 and a 12 month high of $42.46.

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.