Pinnacle Focused Opportunities ETF (NYSEARCA:FCUS) Short Interest Down 60.0% in July

Pinnacle Focused Opportunities ETF (NYSEARCA:FCUS) was the recipient of a significant decrease in short interest in the month of July. As of July 15th, there was short interest totaling 4,183 shares, a decrease of 60.0% from the June 30th total of 10,448 shares. Based on an average daily trading volume, of 25,148 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.2% of the company’s shares are short sold.

Pinnacle Focused Opportunities ETF Price Performance

Shares of FCUS stock opened at $36.74 on Monday. The firm has a market cap of $81.56 million, a P/E ratio of 38.49 and a beta of 1.70. Pinnacle Focused Opportunities ETF has a 1-year low of $25.51 and a 1-year high of $47.49. The firm’s 50-day simple moving average is $42.50 and its 200-day simple moving average is $39.62.

Hedge Funds Weigh In On Pinnacle Focused Opportunities ETF

A number of large investors have recently bought and sold shares of the stock. Hollencrest Capital Management acquired a new position in shares of Pinnacle Focused Opportunities ETF in the 4th quarter valued at $78,000. Citadel Advisors LLC acquired a new stake in shares of Pinnacle Focused Opportunities ETF during the 3rd quarter worth $621,000. OLD Mission Capital LLC raised its position in shares of Pinnacle Focused Opportunities ETF by 126.5% in the 4th 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. Walker Asset Management LLC raised its position 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 worth $1,791,000 after buying an additional 16,662 shares during the period. Finally, Magnolia Capital Advisors LLC grew its position in Pinnacle Focused Opportunities ETF by 5.8% during the fourth quarter. Magnolia Capital Advisors LLC now owns 196,650 shares of the company’s stock valued at $6,171,000 after acquiring an additional 10,786 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.