Pinnacle Focused Opportunities ETF (NYSEARCA:FCUS) Stock Short Interest Falls 37.6%

Pinnacle Focused Opportunities ETF (NYSEARCA:FCUS) was the recipient of a significant drop in short interest during the month of September. As of September 15th, there was short interest totaling 1,011 shares, a drop of 37.6% from the August 31st total of 1,620 shares. Based on an average daily trading volume, of 19,397 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are sold short.

Pinnacle Focused Opportunities ETF Stock Up 1.3%

Shares of FCUS traded up $0.54 during trading hours on Thursday, hitting $42.83. The company had a trading volume of 3,869 shares, compared to its average volume of 24,112. Pinnacle Focused Opportunities ETF has a 52-week low of $28.33 and a 52-week high of $47.49. The stock’s 50 day moving average price is $38.20 and its 200 day moving average price is $40.01. The firm has a market cap of $94.22 million, a P/E ratio of 38.49 and a beta of 1.75.

Institutional Investors Weigh In On Pinnacle Focused Opportunities ETF

An institutional investor recently raised its position in Pinnacle Focused Opportunities ETF stock. Walker Asset Management LLC raised its position in shares of Pinnacle Focused Opportunities ETF (NYSEARCA:FCUS) by 71.6% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 39,942 shares of the company’s stock after acquiring an additional 16,662 shares during the quarter. Pinnacle Focused Opportunities ETF makes up approximately 0.9% of Walker Asset Management LLC’s holdings, making the stock its 20th largest position. Walker Asset Management LLC owned 1.78% of Pinnacle Focused Opportunities ETF worth $1,791,000 at the end of the most recent reporting period.

Pinnacle Focused Opportunities ETF Company Profile

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.