Short Interest in Pinnacle Focused Opportunities ETF (NYSEARCA:FCUS) Rises By 122.4%

Pinnacle Focused Opportunities ETF (NYSEARCA:FCUS) saw a significant increase in short interest during the month of January. As of January 30th, there was short interest totaling 3,103 shares, an increase of 122.4% from the January 15th total of 1,395 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily volume of 37,806 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 37,806 shares, the short-interest ratio is presently 0.1 days. Currently, 0.2% of the company’s shares are sold short.

Institutional Trading of Pinnacle Focused Opportunities ETF

Several institutional investors have recently modified their holdings of the business. Hollencrest Capital Management bought a new position in Pinnacle Focused Opportunities ETF during the fourth quarter worth $78,000. Citadel Advisors LLC bought a new stake in Pinnacle Focused Opportunities ETF in the third quarter valued at $621,000. Farther Finance Advisors LLC raised its holdings in shares of Pinnacle Focused Opportunities ETF by 4.1% during the third quarter. Farther Finance Advisors LLC now owns 110,410 shares of the company’s stock valued at $3,508,000 after purchasing an additional 4,309 shares during the period. Finally, Magnolia Capital Advisors LLC boosted its position in shares of Pinnacle Focused Opportunities ETF by 4.2% during the 3rd quarter. Magnolia Capital Advisors LLC now owns 185,864 shares of the company’s stock worth $5,906,000 after purchasing an additional 7,461 shares in the last quarter.

Pinnacle Focused Opportunities ETF Price Performance

NYSEARCA FCUS traded down $0.99 during trading hours on Thursday, reaching $37.38. The company’s stock had a trading volume of 7,431 shares, compared to its average volume of 22,925. The firm has a fifty day simple moving average of $34.84 and a 200-day simple moving average of $32.07. Pinnacle Focused Opportunities ETF has a 52 week low of $19.52 and a 52 week high of $38.90. The stock has a market cap of $57.94 million, a P/E ratio of 38.49 and a beta of 1.80.

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.