Pinnacle Focused Opportunities ETF (NYSEARCA:FCUS) Sees Significant Growth in Short Interest

Pinnacle Focused Opportunities ETF (NYSEARCA:FCUS) was the target of a significant growth in short interest during 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 daily volume of 26,042 shares, the short-interest ratio is presently 0.3 days. Currently, 0.4% of the company’s stock are sold short.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of FCUS. Magnolia Capital Advisors LLC grew its stake in shares of Pinnacle Focused Opportunities ETF by 5.8% in 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 in the last quarter. Walker Asset Management LLC increased its holdings 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 during the period. OLD Mission Capital LLC raised its stake 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. Citadel Advisors LLC bought a new stake in shares of Pinnacle Focused Opportunities ETF during the third quarter valued at about $621,000. Finally, Hollencrest Capital Management acquired a new stake in Pinnacle Focused Opportunities ETF in the fourth quarter worth about $78,000.

Pinnacle Focused Opportunities ETF Trading Up 1.8%

Pinnacle Focused Opportunities ETF stock traded up $0.72 during mid-day trading on Friday, reaching $39.79. The company’s stock had a trading volume of 14,071 shares, compared to its average volume of 25,698. The firm has a market cap of $89.53 million, a price-to-earnings ratio of 38.49 and a beta of 1.76. The business has a 50 day moving average price of $40.16 and a 200-day moving average price of $39.68. Pinnacle Focused Opportunities ETF has a twelve month low of $25.51 and a twelve month high of $47.49.

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.