Pinnacle Focused Opportunities ETF (NYSEARCA:FCUS – Get Free Report) was the recipient of a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 36,280 shares, a growth of 1,140.3% from the April 30th total of 2,925 shares. Based on an average daily trading volume, of 36,011 shares, the short-interest ratio is currently 1.0 days. Approximately 2.1% of the shares of the company are sold short.
Pinnacle Focused Opportunities ETF Stock Down 0.4%
NYSEARCA FCUS traded down $0.19 during trading hours on Friday, hitting $44.65. The company had a trading volume of 15,220 shares, compared to its average volume of 27,285. Pinnacle Focused Opportunities ETF has a fifty-two week low of $24.37 and a fifty-two week high of $47.20. The business has a fifty day simple moving average of $40.17 and a 200-day simple moving average of $36.77. The firm has a market cap of $78.14 million, a P/E ratio of 38.49 and a beta of 1.71.
Institutional Investors Weigh In On Pinnacle Focused Opportunities ETF
Large investors have recently added to or reduced their stakes in the stock. Hollencrest Capital Management acquired a new stake in Pinnacle Focused Opportunities ETF in the fourth quarter worth $78,000. Citadel Advisors LLC acquired a new stake in Pinnacle Focused Opportunities ETF in the third quarter worth $621,000. OLD Mission Capital LLC increased its position in Pinnacle Focused Opportunities ETF by 126.5% in the fourth quarter. OLD Mission Capital LLC now owns 26,844 shares of the company’s stock worth $842,000 after buying an additional 14,991 shares during the period. Finally, Magnolia Capital Advisors LLC increased its position in Pinnacle Focused Opportunities ETF by 4.2% in the third quarter. Magnolia Capital Advisors LLC now owns 185,864 shares of the company’s stock worth $5,906,000 after buying an additional 7,461 shares during the period.
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.
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