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

Pinnacle Focused Opportunities ETF (NYSEARCA:FCUS) saw a large decline in short interest in the month of April. As of April 30th, there was short interest totaling 2,925 shares, a decline of 87.0% from the April 15th total of 22,527 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 27,824 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of FCUS. OLD Mission Capital LLC raised its position 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 purchasing an additional 14,991 shares in the last quarter. Magnolia Capital Advisors LLC lifted its holdings in shares of Pinnacle Focused Opportunities ETF by 5.8% in the 4th quarter. Magnolia Capital Advisors LLC now owns 196,650 shares of the company’s stock worth $6,171,000 after buying an additional 10,786 shares during the period. Citadel Advisors LLC bought a new position in shares of Pinnacle Focused Opportunities ETF during the 3rd quarter worth $621,000. Finally, Hollencrest Capital Management bought a new position in shares of Pinnacle Focused Opportunities ETF during the 4th quarter worth $78,000.

Pinnacle Focused Opportunities ETF Price Performance

FCUS stock traded down $0.04 during mid-day trading on Thursday, reaching $44.87. The company had a trading volume of 18,224 shares, compared to its average volume of 26,937. The company has a market capitalization of $78.52 million, a PE ratio of 38.49 and a beta of 1.71. The firm has a 50 day moving average of $38.45 and a 200 day moving average of $36.01. Pinnacle Focused Opportunities ETF has a 12 month low of $23.99 and a 12 month high of $45.83.

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.