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

Pinnacle Focused Opportunities ETF (NYSEARCA:FCUS) was the target of a large decrease in short interest during the month of July. As of July 15th, there was short interest totaling 4,183 shares, a decrease of 60.0% from the June 30th total of 10,448 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average trading volume of 25,148 shares, the short-interest ratio is currently 0.2 days.

Pinnacle Focused Opportunities ETF Stock Down 4.2%

Shares of NYSEARCA:FCUS traded down $1.40 during midday trading on Wednesday, reaching $32.28. The company’s stock had a trading volume of 40,276 shares, compared to its average volume of 26,518. The stock has a fifty day moving average of $42.21 and a 200 day moving average of $39.62. Pinnacle Focused Opportunities ETF has a twelve month low of $25.51 and a twelve month high of $47.49. The firm has a market capitalization of $71.66 million, a PE ratio of 38.49 and a beta of 1.70.

Institutional Investors Weigh In On Pinnacle Focused Opportunities ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Citadel Advisors LLC purchased a new position in shares of Pinnacle Focused Opportunities ETF during the 3rd quarter valued at about $621,000. Hollencrest Capital Management purchased a new stake in shares of Pinnacle Focused Opportunities ETF in the fourth quarter worth about $78,000. Magnolia Capital Advisors LLC grew its holdings 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 worth $6,171,000 after acquiring an additional 10,786 shares during the period. OLD Mission Capital LLC raised its position in Pinnacle Focused Opportunities ETF by 126.5% during the fourth quarter. OLD Mission Capital LLC now owns 26,844 shares of the company’s stock valued at $842,000 after acquiring an additional 14,991 shares in the last quarter. Finally, Walker Asset Management LLC raised its position in Pinnacle Focused Opportunities ETF by 71.6% during the second quarter. Walker Asset Management LLC now owns 39,942 shares of the company’s stock valued at $1,791,000 after acquiring an additional 16,662 shares in the last quarter.

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.