Pinnacle Focused Opportunities ETF (NYSEARCA:FCUS) Short Interest Up 109.4% in July

Pinnacle Focused Opportunities ETF (NYSEARCA:FCUS) saw a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 8,758 shares, a growth of 109.4% from the July 15th total of 4,183 shares. Based on an average trading volume of 26,042 shares, the short-interest ratio is presently 0.3 days. Approximately 0.4% of the shares of the company are sold short.

Pinnacle Focused Opportunities ETF Stock Performance

FCUS stock opened at $39.79 on Monday. Pinnacle Focused Opportunities ETF has a fifty-two week low of $25.51 and a fifty-two week high of $47.49. The business’s 50-day moving average is $40.16 and its two-hundred day moving average is $39.70. The company has a market cap of $89.53 million, a price-to-earnings ratio of 38.49 and a beta of 1.76.

Institutional Investors Weigh In On Pinnacle Focused Opportunities ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Hollencrest Capital Management bought a new position in Pinnacle Focused Opportunities ETF in the fourth quarter worth approximately $78,000. Magnolia Capital Advisors LLC increased its stake in shares of Pinnacle Focused Opportunities ETF by 5.8% in the 4th quarter. Magnolia Capital Advisors LLC now owns 196,650 shares of the company’s stock worth $6,171,000 after purchasing an additional 10,786 shares in the last quarter. OLD Mission Capital LLC increased its stake 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 purchasing an additional 14,991 shares in the last quarter. Walker Asset Management LLC raised its holdings in 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 purchasing an additional 16,662 shares during the period. Finally, Citadel Advisors LLC purchased a new position in Pinnacle Focused Opportunities ETF during the third quarter valued at $621,000.

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.