Pinnacle Focused Opportunities ETF (NYSEARCA:FCUS) Shares Shorted: Short Interest Down 85.4% in October

Pinnacle Focused Opportunities ETF (NYSEARCA:FCUS) was the recipient of a significant decline in short interest during the month of October. As of October 30th, there was short interest totaling 1,229 shares, a decline of 85.4% from the October 15th total of 8,394 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average trading volume of 25,348 shares, the days-to-cover ratio is currently 0.0 days.

Hedge Funds Weigh In On Pinnacle Focused Opportunities ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. Beam Wealth Advisors Inc. purchased a new stake in Pinnacle Focused Opportunities ETF in the third quarter worth $442,000. Commonwealth Equity Services LLC bought a new position in shares of Pinnacle Focused Opportunities ETF during the 3rd quarter worth $460,000. Signal Advisors Wealth LLC bought a new position in shares of Pinnacle Focused Opportunities ETF during the 3rd quarter worth $827,000. Walker Asset Management LLC grew its stake in shares of Pinnacle Focused Opportunities ETF by 71.6% during the 2nd quarter. Walker Asset Management LLC now owns 39,942 shares of the company’s stock worth $1,791,000 after acquiring an additional 16,662 shares during the period. Finally, Sigma Planning Corp bought a new position in shares of Pinnacle Focused Opportunities ETF during the 3rd quarter worth $7,995,000.

Pinnacle Focused Opportunities ETF Price Performance

Shares of Pinnacle Focused Opportunities ETF stock remained flat at $33.42 on Thursday. 17,901 shares of the stock were exchanged, compared to its average volume of 23,741. Pinnacle Focused Opportunities ETF has a 1 year low of $28.33 and a 1 year high of $47.49. The business has a 50 day moving average of $39.28 and a 200 day moving average of $39.42. The stock has a market cap of $76.87 million, a price-to-earnings ratio of 17.66 and a beta of 1.78.

About Pinnacle Focused Opportunities ETF

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.