Pinnacle Focused Opportunities ETF (NYSEARCA:FCUS) Short Interest Down 21.8% in December
by Teresa Graham · The Cerbat GemPinnacle Focused Opportunities ETF (NYSEARCA:FCUS – Get Free Report) saw a significant drop in short interest in the month of December. As of December 15th, there was short interest totaling 1,434 shares, a drop of 21.8% from the November 30th total of 1,834 shares. Based on an average daily volume of 9,683 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the shares of the company are sold short. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 9,683 shares, the days-to-cover ratio is currently 0.1 days.
Institutional Investors Weigh In On Pinnacle Focused Opportunities ETF
Several institutional investors and hedge funds have recently bought and sold shares of the company. Magnolia Capital Advisors LLC increased its holdings in Pinnacle Focused Opportunities ETF by 4.2% in the 3rd quarter. Magnolia Capital Advisors LLC now owns 185,864 shares of the company’s stock valued at $5,906,000 after buying an additional 7,461 shares during the period. Farther Finance Advisors LLC boosted its position in shares of Pinnacle Focused Opportunities ETF by 4.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 110,410 shares of the company’s stock worth $3,508,000 after acquiring an additional 4,309 shares in the last quarter. Finally, Citadel Advisors LLC bought a new position in Pinnacle Focused Opportunities ETF in the third quarter valued at approximately $621,000.
Pinnacle Focused Opportunities ETF Stock Performance
Shares of FCUS stock traded down $0.29 during trading on Thursday, hitting $31.38. The company had a trading volume of 649 shares, compared to its average volume of 12,013. The firm has a market capitalization of $46.44 million, a P/E ratio of 38.49 and a beta of 1.80. Pinnacle Focused Opportunities ETF has a one year low of $19.52 and a one year high of $35.52. The stock’s 50-day moving average price is $32.74 and its 200 day moving average price is $29.87.
Pinnacle Focused Opportunities ETF Dividend Announcement
The business also recently announced an annual dividend, which was paid on Tuesday, December 30th. Stockholders of record on Monday, December 29th were issued a dividend of $1.3591 per share. This represents a dividend yield of 427.0%. The ex-dividend date of this dividend was Monday, December 29th.
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.