Pinnacle Focused Opportunities ETF (NYSEARCA:FCUS) Short Interest Down 48.6% in March
by Doug Wharley · The Cerbat GemPinnacle Focused Opportunities ETF (NYSEARCA:FCUS – Get Free Report) saw a significant decline in short interest during the month of March. As of March 31st, there was short interest totaling 5,983 shares, a decline of 48.6% from the March 15th total of 11,638 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average daily trading volume, of 38,447 shares, the short-interest ratio is presently 0.2 days.
Institutional Investors Weigh In On Pinnacle Focused Opportunities ETF
A number of hedge funds have recently made changes to their positions in FCUS. Citadel Advisors LLC bought a new stake in shares of Pinnacle Focused Opportunities ETF during the third quarter valued at approximately $621,000. OLD Mission Capital LLC raised its holdings in shares of Pinnacle Focused Opportunities ETF by 126.5% during the fourth quarter. OLD Mission Capital LLC now owns 26,844 shares of the company’s stock valued at $842,000 after buying an additional 14,991 shares during the last quarter. Magnolia Capital Advisors LLC raised its holdings in shares of 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 buying an additional 10,786 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in shares of Pinnacle Focused Opportunities ETF by 4.1% during the third quarter. Farther Finance Advisors LLC now owns 110,410 shares of the company’s stock valued at $3,508,000 after buying an additional 4,309 shares during the last quarter. Finally, Hollencrest Capital Management bought a new stake in shares of Pinnacle Focused Opportunities ETF during the fourth quarter valued at approximately $78,000.
Pinnacle Focused Opportunities ETF Stock Performance
Shares of FCUS traded up $0.22 during mid-day trading on Tuesday, reaching $39.00. 19,548 shares of the company’s stock traded hands, compared to its average volume of 25,471. The business’s 50-day moving average price is $37.25 and its 200-day moving average price is $34.81. The stock has a market capitalization of $60.45 million, a P/E ratio of 38.49 and a beta of 1.76. Pinnacle Focused Opportunities ETF has a 12 month low of $20.77 and a 12 month high of $42.46.
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.