Pinnacle Focused Opportunities ETF (NYSEARCA:FCUS) Stock Short Interest Jumps 116.5%

Pinnacle Focused Opportunities ETF (NYSEARCA:FCUS) saw a large growth in short interest in the month of 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 daily volume of 20,099 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the shares of the company are sold short.

Pinnacle Focused Opportunities ETF Price Performance

Shares of FCUS stock traded down $1.13 during trading hours on Thursday, reaching $39.92. 15,426 shares of the company’s stock were exchanged, compared to its average volume of 23,746. The company has a market cap of $85.83 million, a P/E ratio of 38.49 and a beta of 1.69. The company’s 50 day moving average is $39.66 and its two-hundred day moving average is $40.50. Pinnacle Focused Opportunities ETF has a 1 year low of $28.33 and a 1 year high of $47.49.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Pinnacle Focused Opportunities ETF stock. Signal Advisors Wealth LLC acquired a new stake in Pinnacle Focused Opportunities ETF (NYSEARCA:FCUS) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 19,543 shares of the company’s stock, valued at approximately $827,000. Signal Advisors Wealth LLC owned 0.91% of Pinnacle Focused Opportunities ETF as of its most recent SEC filing.

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.