Pinnacle Focused Opportunities ETF (NYSEARCA:FCUS) Short Interest Down 60.0% in July

Pinnacle Focused Opportunities ETF (NYSEARCA:FCUS) was the target of a large decline in short interest during the month of July. As of July 15th, there was short interest totaling 4,183 shares, a decline of 60.0% from the June 30th total of 10,448 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 25,148 shares, the short-interest ratio is currently 0.2 days.

Institutional Investors Weigh In On Pinnacle Focused Opportunities ETF

Several institutional investors have recently bought and sold shares of FCUS. Hollencrest Capital Management bought a new position in Pinnacle Focused Opportunities ETF during the 4th quarter valued at $78,000. Citadel Advisors LLC purchased a new stake in shares of Pinnacle Focused Opportunities ETF in the third quarter valued at about $621,000. OLD Mission Capital LLC lifted its position 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 purchasing an additional 14,991 shares in the last quarter. Walker Asset Management LLC lifted its position in shares of Pinnacle Focused Opportunities ETF by 71.6% during the second quarter. Walker Asset Management LLC now owns 39,942 shares of the company’s stock valued at $1,791,000 after purchasing an additional 16,662 shares in the last quarter. Finally, Magnolia Capital Advisors LLC boosted 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 worth $6,171,000 after purchasing an additional 10,786 shares during the last quarter.

Pinnacle Focused Opportunities ETF Stock Performance

FCUS traded down $2.34 during midday trading on Tuesday, reaching $33.68. 56,940 shares of the company were exchanged, compared to its average volume of 26,424. The company has a market cap of $74.77 million, a price-to-earnings ratio of 38.49 and a beta of 1.70. Pinnacle Focused Opportunities ETF has a one year low of $25.51 and a one year high of $47.49. The company’s fifty day moving average price is $42.21 and its 200 day moving average price is $39.62.

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.