Pinnacle Focused Opportunities ETF (NYSEARCA:FCUS – Get Free Report) was the recipient of a large decline in short interest in May. As of May 31st, there was short interest totalling 300 shares, a decline of 78.6% from the May 15th total of 1,400 shares. Based on an average daily volume of 10,900 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.
Pinnacle Focused Opportunities ETF Price Performance
FCUS opened at $24.90 on Thursday. Pinnacle Focused Opportunities ETF has a one year low of $19.52 and a one year high of $38.02. The company has a fifty day moving average price of $23.18 and a 200-day moving average price of $27.30. The firm has a market capitalization of $33.62 million, a P/E ratio of 31.46 and a beta of 1.84.
Institutional Investors Weigh In On Pinnacle Focused Opportunities ETF
Large investors have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC lifted its stake in Pinnacle Focused Opportunities ETF by 41.2% during the fourth quarter. Farther Finance Advisors LLC now owns 108,027 shares of the company’s stock worth $3,108,000 after purchasing an additional 31,538 shares during the last quarter. OLD Mission Capital LLC lifted its stake in Pinnacle Focused Opportunities ETF by 128.1% during the fourth quarter. OLD Mission Capital LLC now owns 23,646 shares of the company’s stock worth $680,000 after purchasing an additional 13,280 shares during the last quarter. Finally, Flow Traders U.S. LLC bought a new stake in Pinnacle Focused Opportunities ETF during the first quarter worth about $574,000.
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.
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