Pinnacle Focused Opportunities ETF (NYSEARCA:FCUS) Stock Short Interest Jumps 116.5%

Pinnacle Focused Opportunities ETF (NYSEARCA:FCUS) was the target of a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 2,189 shares, an increase of 116.5% from the September 15th total of 1,011 shares. Based on an average trading volume of 20,099 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the company’s stock are sold short.

Pinnacle Focused Opportunities ETF Trading Down 1.0%

Shares of NYSEARCA:FCUS opened at $42.46 on Tuesday. The firm has a market cap of $91.30 million, a PE ratio of 38.49 and a beta of 1.69. The company has a fifty day simple moving average of $39.49 and a 200 day simple moving average of $40.42. Pinnacle Focused Opportunities ETF has a 12-month low of $28.33 and a 12-month high of $47.49.

Institutional Trading of Pinnacle Focused Opportunities ETF

An institutional investor recently raised its stake in Pinnacle Focused Opportunities ETF stock. Walker Asset Management LLC raised its position in shares of Pinnacle Focused Opportunities ETF (NYSEARCA:FCUS) by 71.6% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 39,942 shares of the company’s stock after purchasing an additional 16,662 shares during the period. Pinnacle Focused Opportunities ETF accounts for approximately 0.9% of Walker Asset Management LLC’s holdings, making the stock its 20th biggest position. Walker Asset Management LLC owned approximately 1.78% of Pinnacle Focused Opportunities ETF worth $1,791,000 at the end of the most recent quarter.

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.