Pinnacle Focused Opportunities ETF (NYSEARCA:FCUS) Short Interest Down 15.1% in February

Pinnacle Focused Opportunities ETF (NYSEARCA:FCUS) was the target of a large decrease in short interest in the month of February. As of February 13th, there was short interest totaling 2,633 shares, a decrease of 15.1% from the January 29th total of 3,103 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily volume of 17,292 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 17,292 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.2% of the shares of the company are sold short.

Institutional Investors Weigh In On Pinnacle Focused Opportunities ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Hollencrest Capital Management purchased a new position in Pinnacle Focused Opportunities ETF during the 4th quarter worth approximately $78,000. Citadel Advisors LLC acquired a new stake in shares of Pinnacle Focused Opportunities ETF in the third quarter worth $621,000. OLD Mission Capital LLC boosted its position in shares of Pinnacle Focused Opportunities ETF by 126.5% in 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 during the period. Farther Finance Advisors LLC grew its holdings in shares of 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 in the last quarter. Finally, Magnolia Capital Advisors LLC raised its position 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.

Pinnacle Focused Opportunities ETF Trading Up 1.4%

NYSEARCA:FCUS traded up $0.53 during mid-day trading on Wednesday, hitting $37.48. The stock had a trading volume of 28,896 shares, compared to its average volume of 22,626. The company has a 50 day simple moving average of $36.38 and a 200-day simple moving average of $33.16. The stock has a market capitalization of $58.09 million, a price-to-earnings ratio of 38.49 and a beta of 1.80. Pinnacle Focused Opportunities ETF has a 52 week low of $19.52 and a 52 week high of $42.46.

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.