Pinnacle Focused Opportunities ETF (NYSEARCA:FCUS) Short Interest Up 68.4% in August

Pinnacle Focused Opportunities ETF (NYSEARCA:FCUS) was the recipient of a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 1,620 shares, a growth of 68.4% from the August 15th total of 962 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average trading volume of 12,155 shares, the days-to-cover ratio is currently 0.1 days.

Pinnacle Focused Opportunities ETF Trading Up 0.2%

Shares of NYSEARCA:FCUS opened at $40.33 on Friday. The company has a market capitalization of $120.95 million, a price-to-earnings ratio of 38.49 and a beta of 1.75. Pinnacle Focused Opportunities ETF has a 12 month low of $28.33 and a 12 month high of $47.49. The firm’s 50-day moving average is $37.54 and its 200 day moving average is $39.67.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Pinnacle Focused Opportunities ETF stock. Walker Asset Management LLC lifted its holdings in Pinnacle Focused Opportunities ETF (NYSEARCA:FCUS) by 71.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 39,942 shares of the company’s stock after buying an additional 16,662 shares during the quarter. Pinnacle Focused Opportunities ETF makes up about 0.9% of Walker Asset Management LLC’s portfolio, making the stock its 20th biggest position. Walker Asset Management LLC owned 1.78% of Pinnacle Focused Opportunities ETF worth $1,791,000 as of its most recent SEC filing.

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.