Pinnacle Focused Opportunities ETF (NYSEARCA:FCUS – Get Free Report) saw a significant drop in short interest in October. As of October 30th, there was short interest totaling 1,229 shares, a drop of 85.4% from the October 15th total of 8,394 shares. Based on an average trading volume of 25,348 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.1% of the company’s stock are sold short.
Pinnacle Focused Opportunities ETF Price Performance
Pinnacle Focused Opportunities ETF stock opened at $32.70 on Wednesday. Pinnacle Focused Opportunities ETF has a 12-month low of $28.33 and a 12-month high of $47.49. The company has a market capitalization of $75.21 million, a price-to-earnings ratio of 17.66 and a beta of 1.78. The firm’s fifty day moving average price is $39.33 and its 200 day moving average price is $39.44.
Hedge Funds Weigh In On Pinnacle Focused Opportunities ETF
Several large investors have recently modified their holdings of the stock. Walker Asset Management LLC lifted its holdings in 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 worth $1,791,000 after buying an additional 16,662 shares during the last quarter. Sigma Planning Corp bought a new position in Pinnacle Focused Opportunities ETF in the 3rd quarter valued at about $7,995,000. Signal Advisors Wealth LLC bought a new stake in shares of Pinnacle Focused Opportunities ETF in the 3rd quarter worth $827,000. Beam Wealth Advisors Inc. bought a new stake in Pinnacle Focused Opportunities ETF during the third quarter worth approximately $442,000. Finally, Commonwealth Equity Services LLC acquired a new position in shares of Pinnacle Focused Opportunities ETF in the 3rd quarter worth $460,000.
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.
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