Pinnacle Focused Opportunities ETF (NYSEARCA:FCUS – Get Free Report) was the recipient of a significant decrease in short interest during the month of June. As of June 15th, there was short interest totaling 10,462 shares, a decrease of 48.1% from the May 31st total of 20,145 shares. Based on an average daily volume of 29,142 shares, the short-interest ratio is currently 0.4 days. Currently, 0.6% of the shares of the stock are short sold.
Pinnacle Focused Opportunities ETF Stock Down 8.0%
Shares of FCUS stock traded down $3.44 during trading hours on Thursday, reaching $39.66. The company’s stock had a trading volume of 53,908 shares, compared to its average volume of 26,857. Pinnacle Focused Opportunities ETF has a fifty-two week low of $25.50 and a fifty-two week high of $47.49. The firm’s 50 day simple moving average is $43.71 and its 200-day simple moving average is $38.87. The company has a market capitalization of $88.05 million, a price-to-earnings ratio of 38.49 and a beta of 1.69.
Institutional Trading of Pinnacle Focused Opportunities ETF
Several large investors have recently bought and sold shares of FCUS. OLD Mission Capital LLC grew its position 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 acquiring an additional 14,991 shares during the last quarter. Magnolia Capital Advisors LLC grew its holdings in shares of 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 during the last quarter. Hollencrest Capital Management bought a new position in Pinnacle Focused Opportunities ETF in the 4th quarter valued at approximately $78,000. Finally, Citadel Advisors LLC acquired a new stake in Pinnacle Focused Opportunities ETF in the third quarter valued at approximately $621,000.
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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