Pinnacle Focused Opportunities ETF (NYSEARCA:FCUS) Short Interest Update

Pinnacle Focused Opportunities ETF (NYSEARCA:FCUS) was the target of a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 10,462 shares, a decline of 48.1% from the May 31st total of 20,145 shares. Based on an average trading volume of 29,142 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.6% of the shares of the stock are short sold.

Pinnacle Focused Opportunities ETF Price Performance

Shares of FCUS opened at $43.82 on Tuesday. The stock has a market capitalization of $76.69 million, a price-to-earnings ratio of 38.49 and a beta of 1.71. Pinnacle Focused Opportunities ETF has a 1 year low of $25.23 and a 1 year high of $47.49. The business’s 50 day simple moving average is $43.52 and its 200-day simple moving average is $38.73.

Institutional Investors Weigh In On Pinnacle Focused Opportunities ETF

Several large investors have recently bought and sold shares of FCUS. Magnolia Capital Advisors LLC raised its stake in Pinnacle Focused Opportunities ETF by 5.8% during the fourth quarter. Magnolia Capital Advisors LLC now owns 196,650 shares of the company’s stock valued at $6,171,000 after purchasing an additional 10,786 shares in the last quarter. OLD Mission Capital LLC grew 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 worth $842,000 after buying an additional 14,991 shares in the last quarter. Citadel Advisors LLC purchased a new position in shares of Pinnacle Focused Opportunities ETF in the 3rd quarter worth $621,000. Finally, Hollencrest Capital Management purchased a new position in shares of Pinnacle Focused Opportunities ETF in the 4th quarter worth $78,000.

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.