Pinnacle Focused Opportunities ETF (NYSEARCA:FCUS – Get Free Report) saw a significant growth in short interest in September. As of September 30th, there was short interest totaling 2,189 shares, a growth of 116.5% from the September 15th total of 1,011 shares. Based on an average trading volume of 20,099 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the company’s stock are sold short.
Pinnacle Focused Opportunities ETF Stock Down 1.0%
FCUS opened at $42.46 on Tuesday. The firm’s 50 day moving average is $39.49 and its 200-day moving average is $40.42. Pinnacle Focused Opportunities ETF has a 52-week low of $28.33 and a 52-week high of $47.49. The firm has a market capitalization of $91.30 million, a P/E ratio of 38.49 and a beta of 1.69.
Institutional Investors Weigh In On Pinnacle Focused Opportunities ETF
A hedge fund recently raised its stake in Pinnacle Focused Opportunities ETF stock. Walker Asset Management LLC boosted its position in Pinnacle Focused Opportunities ETF (NYSEARCA:FCUS – Free Report) by 71.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,942 shares of the company’s stock after buying an additional 16,662 shares during the quarter. Pinnacle Focused Opportunities ETF accounts for approximately 0.9% of Walker Asset Management LLC’s holdings, making the stock its 20th biggest holding. Walker Asset Management LLC owned about 1.78% of Pinnacle Focused Opportunities ETF worth $1,791,000 at the end of the most recent 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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