Pinnacle Focused Opportunities ETF (NYSEARCA:FCUS) Short Interest Update
by Renee Jackson · The Cerbat GemPinnacle Focused Opportunities ETF (NYSEARCA:FCUS – Get Free Report) was the recipient of a large increase in short interest during the month of February. As of February 27th, there was short interest totaling 6,736 shares, an increase of 155.8% from the February 12th total of 2,633 shares. Currently, 0.4% of the company’s stock are sold short. Based on an average daily trading volume, of 21,734 shares, the short-interest ratio is currently 0.3 days. Based on an average daily trading volume, of 21,734 shares, the short-interest ratio is currently 0.3 days. Currently, 0.4% of the company’s stock are sold short.
Hedge Funds Weigh In On Pinnacle Focused Opportunities ETF
A number of hedge funds and other institutional investors have recently made changes to their positions in FCUS. Hollencrest Capital Management bought a new position in Pinnacle Focused Opportunities ETF during the fourth quarter valued at about $78,000. Citadel Advisors LLC bought a new position in shares of Pinnacle Focused Opportunities ETF during the 3rd quarter valued at approximately $621,000. OLD Mission Capital LLC increased its stake 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 last quarter. Farther Finance Advisors LLC raised its holdings in shares of Pinnacle Focused Opportunities ETF by 4.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 110,410 shares of the company’s stock worth $3,508,000 after purchasing an additional 4,309 shares during the period. Finally, Magnolia Capital Advisors LLC lifted its stake 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 valued at $5,906,000 after purchasing an additional 7,461 shares during the last quarter.
Pinnacle Focused Opportunities ETF Price Performance
Shares of NYSEARCA FCUS traded down $0.17 during midday trading on Friday, reaching $35.33. The company’s stock had a trading volume of 6,254 shares, compared to its average volume of 22,468. The stock has a market capitalization of $54.76 million, a P/E ratio of 38.49 and a beta of 1.80. The firm has a 50 day moving average price of $36.93 and a 200-day moving average price of $33.58. Pinnacle Focused Opportunities ETF has a 12-month low of $19.52 and a 12-month high of $42.46.
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.