Pinnacle Focused Opportunities ETF (NYSEARCA:FCUS) Short Interest Up 206.0% in December

by · The Cerbat Gem

Pinnacle Focused Opportunities ETF (NYSEARCA:FCUS – Get Free Report) was the recipient of a significant growth in short interest in December. As of December 31st, there was short interest totaling 4,388 shares, a growth of 206.0% from the December 15th total of 1,434 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average daily volume of 6,547 shares, the short-interest ratio is currently 0.7 days. Based on an average daily volume of 6,547 shares, the short-interest ratio is currently 0.7 days. Approximately 0.3% of the company’s stock are sold short.

Institutional Trading of Pinnacle Focused Opportunities ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Farther Finance Advisors LLC boosted its holdings in shares of Pinnacle Focused Opportunities ETF by 4.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 110,410 shares of the company’s stock worth $3,508,000 after buying an additional 4,309 shares during the period. Magnolia Capital Advisors LLC increased its stake in shares of 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 worth $5,906,000 after purchasing an additional 7,461 shares during the period. Finally, Citadel Advisors LLC bought a new stake in Pinnacle Focused Opportunities ETF during the 3rd quarter valued at approximately $621,000.

Pinnacle Focused Opportunities ETF Trading Up 0.2%

NYSEARCA FCUS traded up $0.08 during trading on Tuesday, hitting $35.92. 18,397 shares of the company traded hands, compared to its average volume of 11,269. Pinnacle Focused Opportunities ETF has a 12 month low of $19.52 and a 12 month high of $36.21. The business has a fifty day simple moving average of $32.70 and a 200 day simple moving average of $30.39. The company has a market capitalization of $52.08 million, a P/E ratio of 38.49 and a beta of 1.80.

Pinnacle Focused Opportunities ETF Dividend Announcement

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

About Pinnacle Focused Opportunities ETF

(Get Free Report)

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.

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