ATAC Credit Rotation ETF (NYSEARCA:JOJO) Shares Shorted: Short Interest Down 67.2% in September

ATAC Credit Rotation ETF (NYSEARCA:JOJO) was the target of a significant decline in short interest during the month of September. As of September 15th, there was short interest totaling 6,261 shares, a decline of 67.2% from the August 31st total of 19,102 shares. Based on an average daily volume of 2,425 shares, the days-to-cover ratio is currently 2.6 days. Currently, 2.0% of the shares of the stock are sold short.

ATAC Credit Rotation ETF Price Performance

JOJO stock traded down $0.07 during midday trading on Monday, reaching $14.63. The company had a trading volume of 2,754 shares, compared to its average volume of 5,398. ATAC Credit Rotation ETF has a 1 year low of $14.60 and a 1 year high of $16.24. The company has a market capitalization of $4.68 million, a P/E ratio of 16.64 and a beta of 0.49. The firm has a 50-day moving average price of $15.00 and a 200-day moving average price of $15.37.

ATAC Credit Rotation ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, August 5th. Stockholders of record on Tuesday, August 4th were issued a dividend of $0.0584 per share. The ex-dividend date of this dividend was Tuesday, August 4th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 4.8%. This is an increase from ATAC Credit Rotation ETF’s previous monthly dividend of $0.0560.

About ATAC Credit Rotation ETF

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.