Pinnacle Focused Opportunities ETF (NYSEARCA:FCUS – Get Free Report) was the target of a large decrease in short interest in the month of August. As of August 14th, there was short interest totaling 962 shares, a decrease of 89.0% from the July 30th total of 8,758 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 13,293 shares, the short-interest ratio is currently 0.1 days.
Pinnacle Focused Opportunities ETF Stock Performance
FCUS traded up $0.36 on Wednesday, reaching $37.24. 5,236 shares of the company’s stock were exchanged, compared to its average volume of 25,046. The company has a market cap of $83.79 million, a price-to-earnings ratio of 38.49 and a beta of 1.76. Pinnacle Focused Opportunities ETF has a twelve month low of $26.97 and a twelve month high of $47.49. The company’s 50 day moving average is $39.31 and its 200-day moving average is $39.73.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in FCUS. Hollencrest Capital Management purchased a new stake in Pinnacle Focused Opportunities ETF during the 4th quarter worth $78,000. Citadel Advisors LLC acquired a new position in shares of Pinnacle Focused Opportunities ETF in the third quarter worth about $621,000. OLD Mission Capital LLC boosted its holdings in 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 purchasing an additional 14,991 shares during the last quarter. Walker Asset Management LLC boosted its holdings in Pinnacle Focused Opportunities ETF by 71.6% in the second 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 during the last quarter. Finally, Magnolia Capital Advisors LLC grew its stake in Pinnacle Focused Opportunities ETF by 5.8% during the 4th 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 in the last quarter.
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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