Pinnacle Focused Opportunities ETF (NYSEARCA:FCUS) Sees Significant Decrease in Short Interest

Pinnacle Focused Opportunities ETF (NYSEARCA:FCUS) saw a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 962 shares, a decrease of 89.0% from the July 30th total of 8,758 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 13,293 shares, the days-to-cover ratio is currently 0.1 days.

Pinnacle Focused Opportunities ETF Trading Up 1.0%

Shares of FCUS traded up $0.38 during mid-day trading on Tuesday, hitting $36.88. The company’s stock had a trading volume of 11,119 shares, compared to its average volume of 25,169. Pinnacle Focused Opportunities ETF has a 52-week low of $26.97 and a 52-week high of $47.49. The firm has a market capitalization of $82.98 million, a price-to-earnings ratio of 38.49 and a beta of 1.76. The company’s 50-day moving average is $39.46 and its 200-day moving average is $39.73.

Institutional Investors Weigh In On Pinnacle Focused Opportunities ETF

Several institutional investors have recently bought and sold shares of FCUS. Citadel Advisors LLC acquired a new position in shares of Pinnacle Focused Opportunities ETF during the 3rd quarter worth approximately $621,000. Walker Asset Management LLC lifted its stake in shares of Pinnacle Focused Opportunities ETF by 71.6% in the 2nd quarter. Walker Asset Management LLC now owns 39,942 shares of the company’s stock valued at $1,791,000 after purchasing an additional 16,662 shares during the last quarter. OLD Mission Capital LLC grew its holdings in shares of Pinnacle Focused Opportunities ETF by 126.5% during the 4th quarter. OLD Mission Capital LLC now owns 26,844 shares of the company’s stock worth $842,000 after purchasing an additional 14,991 shares during the period. Magnolia Capital Advisors LLC increased its position in shares of Pinnacle Focused Opportunities ETF by 5.8% during the 4th quarter. Magnolia Capital Advisors LLC now owns 196,650 shares of the company’s stock worth $6,171,000 after purchasing an additional 10,786 shares during the last quarter. Finally, Hollencrest Capital Management purchased a new stake in Pinnacle Focused Opportunities ETF in the 4th quarter valued at about $78,000.

About Pinnacle Focused Opportunities ETF

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.