Pinnacle Focused Opportunities ETF (NYSEARCA:FCUS – Get Free Report) saw a large decline in short interest during the month of May. As of May 31st, there was short interest totalling 300 shares, a decline of 78.6% from the May 15th total of 1,400 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 10,900 shares, the short-interest ratio is presently 0.0 days.
Pinnacle Focused Opportunities ETF Stock Performance
Shares of NYSEARCA FCUS opened at $24.90 on Thursday. The company has a market cap of $33.62 million, a P/E ratio of 31.46 and a beta of 1.84. The firm’s fifty day moving average is $23.18 and its two-hundred day moving average is $27.30. Pinnacle Focused Opportunities ETF has a 52-week low of $19.52 and a 52-week high of $38.02.
Institutional Trading of Pinnacle Focused Opportunities ETF
A number of institutional investors and hedge funds have recently bought and sold shares of FCUS. Farther Finance Advisors LLC increased its holdings in Pinnacle Focused Opportunities ETF by 43.6% in the 1st quarter. Farther Finance Advisors LLC now owns 155,104 shares of the company’s stock valued at $3,600,000 after acquiring an additional 47,077 shares during the last quarter. OLD Mission Capital LLC increased its holdings in Pinnacle Focused Opportunities ETF by 171.4% in the 1st quarter. OLD Mission Capital LLC now owns 64,176 shares of the company’s stock valued at $1,469,000 after acquiring an additional 40,530 shares during the last quarter. Finally, Flow Traders U.S. LLC bought a new stake in Pinnacle Focused Opportunities ETF in the 1st quarter valued at $574,000.
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.
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