Pinnacle Focused Opportunities ETF (NYSEARCA:FCUS) Short Interest Update

Pinnacle Focused Opportunities ETF (NYSEARCA:FCUS) saw a large drop in short interest during the month of March. As of March 31st, there was short interest totaling 5,983 shares, a drop of 48.6% from the March 15th total of 11,638 shares. Based on an average daily trading volume, of 38,447 shares, the short-interest ratio is presently 0.2 days. Approximately 0.4% of the shares of the company are short sold.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Hollencrest Capital Management bought a new position in Pinnacle Focused Opportunities ETF during the 4th quarter worth approximately $78,000. Farther Finance Advisors LLC lifted its holdings in shares of Pinnacle Focused Opportunities ETF by 4.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 110,410 shares of the company’s stock worth $3,508,000 after purchasing an additional 4,309 shares during the last quarter. Magnolia Capital Advisors LLC lifted its holdings in shares of Pinnacle Focused Opportunities ETF by 4.2% in the 3rd quarter. Magnolia Capital Advisors LLC now owns 185,864 shares of the company’s stock worth $5,906,000 after purchasing an additional 7,461 shares during the last quarter. OLD Mission Capital LLC lifted its holdings in shares of Pinnacle Focused Opportunities ETF by 126.5% in the 4th quarter. OLD Mission Capital LLC now owns 26,844 shares of the company’s stock worth $842,000 after purchasing an additional 14,991 shares during the last quarter. Finally, Citadel Advisors LLC bought a new stake in shares of Pinnacle Focused Opportunities ETF in the 3rd quarter worth approximately $621,000.

Pinnacle Focused Opportunities ETF Stock Up 1.5%

NYSEARCA:FCUS traded up $0.56 during trading hours on Monday, reaching $38.78. 6,568 shares of the stock were exchanged, compared to its average volume of 25,558. The firm has a 50 day simple moving average of $37.23 and a 200-day simple moving average of $34.75. Pinnacle Focused Opportunities ETF has a 52 week low of $20.77 and a 52 week high of $42.46. The stock has a market capitalization of $60.11 million, a P/E ratio of 38.49 and a beta of 1.76.

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.