ATAC Credit Rotation ETF (NYSEARCA:JOJO) Sees Significant Drop in Short Interest

ATAC Credit Rotation ETF (NYSEARCA:JOJO) was the recipient of a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 905 shares, a decline of 78.6% from the May 14th total of 4,221 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 4,905 shares, the days-to-cover ratio is currently 0.2 days.

ATAC Credit Rotation ETF Stock Performance

Shares of NYSEARCA:JOJO traded down $0.04 during mid-day trading on Wednesday, reaching $15.47. 663 shares of the company’s stock were exchanged, compared to its average volume of 4,391. The firm has a market capitalization of $5.88 million, a price-to-earnings ratio of 16.64 and a beta of 0.49. The business’s fifty day moving average price is $15.62 and its 200-day moving average price is $15.67. ATAC Credit Rotation ETF has a twelve month low of $14.90 and a twelve month high of $16.24.

ATAC Credit Rotation ETF Company Profile

The ATAC Credit Rotation ETF (JOJO) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund-of-funds that toggles between corporate high-yield bonds and US Treasurys, depending on the utilities sectors performance relative to the US large-cap market. JOJO was launched on Jul 15, 2021 and is managed by ATAC.