Pinnacle Focused Opportunities ETF (NYSEARCA:FCUS) Stock Short Interest Rises 116.5%

Pinnacle Focused Opportunities ETF (NYSEARCA:FCUS) was the target of a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 2,189 shares, an increase of 116.5% from the September 15th total of 1,011 shares. Based on an average daily volume of 20,099 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the shares of the stock are short sold.

Pinnacle Focused Opportunities ETF Stock Performance

Shares of FCUS stock traded down $2.01 on Wednesday, reaching $41.05. 14,651 shares of the company were exchanged, compared to its average volume of 23,793. 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 price of $39.58 and a 200 day moving average price of $40.46. The company has a market cap of $88.26 million, a price-to-earnings ratio of 38.49 and a beta of 1.69.

Hedge Funds Weigh In On Pinnacle Focused Opportunities ETF

An institutional investor recently bought a new position in Pinnacle Focused Opportunities ETF stock. Signal Advisors Wealth LLC bought a new stake in Pinnacle Focused Opportunities ETF (NYSEARCA:FCUS) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 19,543 shares of the company’s stock, valued at approximately $827,000. Signal Advisors Wealth LLC owned approximately 0.91% of Pinnacle Focused Opportunities ETF at the end of the most recent reporting period.

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.