Pinnacle Focused Opportunities ETF (NYSEARCA:FCUS) Stock Short Interest Falls 37.6%

Pinnacle Focused Opportunities ETF (NYSEARCA:FCUS) saw a significant decline in short interest in September. As of September 15th, there was short interest totaling 1,011 shares, a decline of 37.6% from the August 31st total of 1,620 shares. Based on an average daily volume of 19,397 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

Hedge Funds Weigh In On Pinnacle Focused Opportunities ETF

An institutional investor recently raised its position in Pinnacle Focused Opportunities ETF stock. Walker Asset Management LLC increased its position in Pinnacle Focused Opportunities ETF (NYSEARCA:FCUS) by 71.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,942 shares of the company’s stock after buying an additional 16,662 shares during the quarter. Pinnacle Focused Opportunities ETF accounts for 0.9% of Walker Asset Management LLC’s portfolio, making the stock its 20th largest position. Walker Asset Management LLC owned about 1.78% of Pinnacle Focused Opportunities ETF worth $1,791,000 at the end of the most recent quarter.

Pinnacle Focused Opportunities ETF Stock Performance

Pinnacle Focused Opportunities ETF stock traded up $0.54 during mid-day trading on Thursday, hitting $42.83. 3,869 shares of the company traded hands, compared to its average volume of 24,112. Pinnacle Focused Opportunities ETF has a one year low of $28.33 and a one year high of $47.49. The stock has a market cap of $94.22 million, a price-to-earnings ratio of 38.49 and a beta of 1.75. The stock has a fifty day moving average price of $38.20 and a 200-day moving average price of $40.01.

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.