Pinnacle Focused Opportunities ETF (NYSEARCA:FCUS) Stock Short Interest Falls 37.6%

Pinnacle Focused Opportunities ETF (NYSEARCA:FCUS – Get Free Report) was the recipient of a significant decrease in short interest in the month of September. As of September 15th, there was short interest totaling 1,011 shares, a decrease of 37.6% from the August 31st total of 1,620 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 19,397 shares, the short-interest ratio is presently 0.1 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Pinnacle Focused Opportunities ETF stock. Walker Asset Management LLC grew its stake in shares of Pinnacle Focused Opportunities ETF (NYSEARCA:FCUS – Free Report) by 71.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,942 shares of the company’s stock after buying an additional 16,662 shares during the period. Pinnacle Focused Opportunities ETF accounts for about 0.9% of Walker Asset Management LLC’s investment portfolio, making the stock its 20th largest position. Walker Asset Management LLC owned about 1.78% of Pinnacle Focused Opportunities ETF worth $1,791,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Pinnacle Focused Opportunities ETF Trading Up 1.7%

NYSEARCA:FCUS opened at $43.86 on Friday. Pinnacle Focused Opportunities ETF has a 12-month low of $28.33 and a 12-month high of $47.49. The stock has a 50-day moving average price of $38.43 and a 200 day moving average price of $40.10. The stock has a market capitalization of $94.30 million, a P/E ratio of 38.49 and a beta of 1.69.

About Pinnacle Focused Opportunities ETF

(Get Free Report)

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.

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