Pinnacle Focused Opportunities ETF (NYSEARCA:FCUS) Sees Large Drop in Short Interest

Pinnacle Focused Opportunities ETF (NYSEARCA:FCUS) was the recipient of a significant decline in short interest in the month of April. As of April 30th, there was short interest totaling 2,925 shares, a decline of 87.0% from the April 15th total of 22,527 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 27,824 shares, the short-interest ratio is currently 0.1 days.

Pinnacle Focused Opportunities ETF Stock Down 0.1%

Shares of FCUS traded down $0.04 during trading hours on Thursday, hitting $44.87. The company had a trading volume of 18,224 shares, compared to its average volume of 26,937. The firm has a market cap of $78.52 million, a P/E ratio of 38.49 and a beta of 1.71. The stock’s 50 day moving average price is $38.61 and its 200 day moving average price is $36.09. Pinnacle Focused Opportunities ETF has a 52-week low of $23.99 and a 52-week high of $45.83.

Institutional Trading of Pinnacle Focused Opportunities ETF

A number of institutional 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 approximately $78,000. Citadel Advisors LLC purchased a new position in shares of Pinnacle Focused Opportunities ETF in the third quarter valued at about $621,000. OLD Mission Capital LLC increased 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 valued at $842,000 after acquiring an additional 14,991 shares during the period. Finally, Magnolia Capital Advisors LLC increased its position in shares of Pinnacle Focused Opportunities ETF by 4.2% in the third quarter. Magnolia Capital Advisors LLC now owns 185,864 shares of the company’s stock valued at $5,906,000 after acquiring an additional 7,461 shares during the period.

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.