Short Interest in Pinnacle Focused Opportunities ETF (NYSEARCA:FCUS) Increases By 1,140.3%

Pinnacle Focused Opportunities ETF (NYSEARCA:FCUS) was the target of a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 36,280 shares, a growth of 1,140.3% from the April 30th total of 2,925 shares. Based on an average trading volume of 36,011 shares, the short-interest ratio is presently 1.0 days. Currently, 2.1% of the company’s shares are short sold.

Institutional Trading of Pinnacle Focused Opportunities ETF

A number of large investors have recently made changes to their positions in FCUS. Hollencrest Capital Management purchased a new stake in shares of Pinnacle Focused Opportunities ETF during the fourth quarter valued at $78,000. Citadel Advisors LLC purchased a new stake in shares of Pinnacle Focused Opportunities ETF during the third quarter valued at $621,000. OLD Mission Capital LLC boosted 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 during the period. Finally, Magnolia Capital Advisors LLC boosted its stake in shares of 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 purchasing an additional 7,461 shares during the period.

Pinnacle Focused Opportunities ETF Stock Performance

FCUS stock traded down $0.39 during mid-day trading on Wednesday, reaching $44.99. 48,916 shares of the stock traded hands, compared to its average volume of 27,604. The stock has a market capitalization of $78.73 million, a PE ratio of 38.49 and a beta of 1.71. Pinnacle Focused Opportunities ETF has a one year low of $24.37 and a one year high of $45.83. The business has a 50-day moving average price of $40.02 and a two-hundred day moving average price of $36.69.

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.