Pinnacle Focused Opportunities ETF (NYSEARCA:FCUS) Shares Shorted: Short Interest Up 283.5% in October

Pinnacle Focused Opportunities ETF (NYSEARCA:FCUS – Get Free Report) was the recipient of a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 8,394 shares, a growth of 283.5% from the September 30th total of 2,189 shares. Based on an average trading volume of 16,129 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.4% of the company’s shares are short sold.

Hedge Funds Weigh In On Pinnacle Focused Opportunities ETF

Large investors have recently modified their holdings of the business. Walker Asset Management LLC increased its position 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 buying an additional 16,662 shares during the period. Sigma Planning Corp purchased a new stake in shares of Pinnacle Focused Opportunities ETF in the 3rd quarter worth about $7,995,000. Finally, Signal Advisors Wealth LLC bought a new position in shares of Pinnacle Focused Opportunities ETF during the third quarter valued at approximately $827,000.

Pinnacle Focused Opportunities ETF Stock Down 1.7%

FCUS traded down $0.69 during trading on Thursday, hitting $39.10. The company’s stock had a trading volume of 51,949 shares, compared to its average volume of 23,465. The stock’s fifty day moving average price is $39.82 and its 200-day moving average price is $39.52. Pinnacle Focused Opportunities ETF has a twelve month low of $28.33 and a twelve month high of $47.49. The firm has a market capitalization of $86.02 million, a P/E ratio of 38.49 and a beta of 1.69.

Pinnacle Focused Opportunities ETF Company Profile

(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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