Pinnacle Focused Opportunities ETF (NYSEARCA:FCUS) Short Interest Update

Pinnacle Focused Opportunities ETF (NYSEARCA:FCUS) was the target of a large growth in short interest in March. As of March 13th, there was short interest totaling 11,638 shares, a growth of 72.8% from the February 26th total of 6,736 shares. Approximately 0.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 23,252 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Trading of Pinnacle Focused Opportunities ETF

Several institutional investors and hedge funds have recently bought and sold shares of the company. Hollencrest Capital Management bought a new position in shares of Pinnacle Focused Opportunities ETF in the fourth quarter worth $78,000. Farther Finance Advisors LLC boosted its stake in 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 period. Magnolia Capital Advisors LLC boosted its stake in Pinnacle Focused Opportunities ETF by 4.2% during the third quarter. Magnolia Capital Advisors LLC now owns 185,864 shares of the company’s stock valued at $5,906,000 after buying an additional 7,461 shares during the period. OLD Mission Capital LLC grew its position 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 worth $842,000 after buying an additional 14,991 shares in the last quarter. Finally, Citadel Advisors LLC bought a new position in Pinnacle Focused Opportunities ETF in the 3rd quarter worth about $621,000.

Pinnacle Focused Opportunities ETF Price Performance

Shares of FCUS traded up $0.18 during midday trading on Friday, hitting $35.44. 52,030 shares of the company traded hands, compared to its average volume of 25,634. Pinnacle Focused Opportunities ETF has a one year low of $19.52 and a one year high of $42.46. The firm has a market cap of $54.93 million, a P/E ratio of 38.49 and a beta of 1.80. The stock has a 50-day moving average of $37.24 and a 200-day moving average of $34.24.

About Pinnacle Focused Opportunities ETF

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.