Pinnacle Focused Opportunities ETF (NYSEARCA:FCUS – Get Free Report) was the target of a large decline in short interest in July. As of July 15th, there was short interest totaling 4,183 shares, a decline of 60.0% from the June 30th total of 10,448 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 25,148 shares, the short-interest ratio is presently 0.2 days.
Pinnacle Focused Opportunities ETF Stock Performance
FCUS opened at $36.74 on Monday. The firm has a 50 day moving average price of $42.50 and a 200 day moving average price of $39.62. The company has a market cap of $81.56 million, a PE ratio of 38.49 and a beta of 1.70. Pinnacle Focused Opportunities ETF has a 1 year low of $25.51 and a 1 year high of $47.49.
Institutional Investors Weigh In On Pinnacle Focused Opportunities ETF
Several large investors have recently made changes to their positions in the business. Hollencrest Capital Management purchased a new position in shares of Pinnacle Focused Opportunities ETF in the 4th quarter valued at $78,000. Citadel Advisors LLC purchased a new stake in Pinnacle Focused Opportunities ETF during the 3rd quarter worth $621,000. OLD Mission Capital LLC boosted its position in Pinnacle Focused Opportunities ETF by 126.5% during 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 period. Walker Asset Management LLC increased its holdings in Pinnacle Focused Opportunities ETF by 71.6% in the 2nd quarter. Walker Asset Management LLC now owns 39,942 shares of the company’s stock valued at $1,791,000 after purchasing an additional 16,662 shares in the last quarter. Finally, Magnolia Capital Advisors LLC raised its position in Pinnacle Focused Opportunities ETF by 5.8% in the fourth quarter. Magnolia Capital Advisors LLC now owns 196,650 shares of the company’s stock valued at $6,171,000 after purchasing an additional 10,786 shares during the 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.
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