Short Interest in Pinnacle Focused Opportunities ETF (NYSEARCA:FCUS) Decreases By 44.5%

Pinnacle Focused Opportunities ETF (NYSEARCA:FCUS) was the target of a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 20,145 shares, a decrease of 44.5% from the May 14th total of 36,280 shares. Based on an average daily trading volume, of 32,085 shares, the short-interest ratio is currently 0.6 days. Currently, 1.2% of the shares of the company are short sold.

Institutional Trading of Pinnacle Focused Opportunities ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Magnolia Capital Advisors LLC increased its holdings 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 buying an additional 10,786 shares during the last quarter. OLD Mission Capital LLC increased its holdings in 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. Citadel Advisors LLC purchased a new stake in Pinnacle Focused Opportunities ETF during the third quarter valued at approximately $621,000. Finally, Hollencrest Capital Management purchased a new stake in Pinnacle Focused Opportunities ETF during the fourth quarter valued at approximately $78,000.

Pinnacle Focused Opportunities ETF Trading Up 1.7%

FCUS stock traded up $0.77 during midday trading on Friday, reaching $44.92. 97,711 shares of the company’s stock traded hands, compared to its average volume of 27,450. Pinnacle Focused Opportunities ETF has a 52-week low of $24.76 and a 52-week high of $47.49. The stock has a market cap of $78.61 million, a P/E ratio of 38.49 and a beta of 1.71. The stock’s 50-day moving average is $42.01 and its 200 day moving average is $37.72.

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.