Pinnacle Focused Opportunities ETF (NYSEARCA:FCUS) Shares Shorted: Short Interest Down 37.6% in September

Pinnacle Focused Opportunities ETF (NYSEARCA:FCUS) saw a large drop in short interest in the month of September. As of September 15th, there was short interest totaling 1,011 shares, a drop of 37.6% from the August 31st total of 1,620 shares. Based on an average trading volume of 19,397 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

Pinnacle Focused Opportunities ETF Price Performance

Shares of NYSEARCA FCUS traded up $0.83 during mid-day trading on Friday, hitting $43.94. The company had a trading volume of 7,838 shares, compared to its average volume of 24,077. The stock has a market cap of $94.47 million, a price-to-earnings ratio of 38.49 and a beta of 1.69. Pinnacle Focused Opportunities ETF has a 12 month low of $28.33 and a 12 month high of $47.49. The firm’s 50 day simple moving average is $38.29 and its two-hundred day simple moving average is $40.07.

Hedge Funds Weigh In On Pinnacle Focused Opportunities ETF

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

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.