Pinnacle Focused Opportunities ETF (NYSEARCA:FCUS) Stock Short Interest Report for October

Pinnacle Focused Opportunities ETF (NYSEARCA:FCUS) was the target of a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 8,394 shares, an increase of 283.5% from the September 30th total of 2,189 shares. Based on an average trading volume of 16,129 shares, the short-interest ratio is presently 0.5 days. Currently, 0.4% of the shares of the company are sold short.

Pinnacle Focused Opportunities ETF Stock Performance

Shares of Pinnacle Focused Opportunities ETF stock traded down $2.31 during trading on Friday, hitting $36.79. 51,949 shares of the company’s stock were exchanged, compared to its average volume of 23,465. Pinnacle Focused Opportunities ETF has a 52-week low of $28.33 and a 52-week high of $47.49. The stock has a market capitalization of $80.94 million, a price-to-earnings ratio of 38.49 and a beta of 1.69. The business has a 50-day simple moving average of $39.85 and a 200-day simple moving average of $39.54.

Institutional Trading of Pinnacle Focused Opportunities ETF

A number of hedge funds have recently added to or reduced their stakes in the company. Sigma Planning Corp purchased a new position in Pinnacle Focused Opportunities ETF in the third quarter valued at $7,995,000. Signal Advisors Wealth LLC acquired a new stake in shares of Pinnacle Focused Opportunities ETF during the 3rd quarter valued at about $827,000. Finally, Walker Asset Management LLC grew its position in shares of Pinnacle Focused Opportunities ETF by 71.6% during the 2nd 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 during the period.

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.