Short Interest in Pinnacle Focused Opportunities ETF (NYSEARCA:FCUS) Increases By 206.0%

Pinnacle Focused Opportunities ETF (NYSEARCA:FCUS) saw a large increase in short interest in December. As of December 31st, there was short interest totaling 4,388 shares, an increase of 206.0% from the December 15th total of 1,434 shares. Based on an average trading volume of 6,547 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.3% of the company’s stock are short sold. Currently, 0.3% of the company’s stock are short sold. Based on an average trading volume of 6,547 shares, the days-to-cover ratio is currently 0.7 days.

Pinnacle Focused Opportunities ETF Price Performance

FCUS traded up $0.08 on Tuesday, reaching $35.92. 18,397 shares of the company traded hands, compared to its average volume of 11,269. The company has a market cap of $52.08 million, a price-to-earnings ratio of 38.49 and a beta of 1.80. The stock’s 50 day moving average price is $32.70 and its 200-day moving average price is $30.39. Pinnacle Focused Opportunities ETF has a 52-week low of $19.52 and a 52-week high of $36.21.

Pinnacle Focused Opportunities ETF Dividend Announcement

The company also recently disclosed an annual dividend, which was paid on Tuesday, December 30th. Investors of record on Monday, December 29th were issued a dividend of $1.3591 per share. This represents a dividend yield of 427.0%. The ex-dividend date was Monday, December 29th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Citadel Advisors LLC purchased a new stake in shares of Pinnacle Focused Opportunities ETF during the 3rd quarter worth about $621,000. Farther Finance Advisors LLC raised its position in Pinnacle Focused Opportunities ETF by 4.1% during the third quarter. Farther Finance Advisors LLC now owns 110,410 shares of the company’s stock valued at $3,508,000 after acquiring an additional 4,309 shares in the last quarter. Finally, Magnolia Capital Advisors LLC lifted its stake in Pinnacle Focused Opportunities ETF by 4.2% in the third quarter. Magnolia Capital Advisors LLC now owns 185,864 shares of the company’s stock valued at $5,906,000 after acquiring an additional 7,461 shares during the last 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.