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

ATAC Credit Rotation ETF (NYSEARCA:JOJOGet Free Report) saw a significant growth in short interest in March. As of March 13th, there was short interest totaling 504 shares, a growth of 28.2% from the February 26th total of 393 shares. Based on an average trading volume of 5,544 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the company’s shares are short sold.

ATAC Credit Rotation ETF Price Performance

NYSEARCA JOJO opened at $15.57 on Wednesday. The firm has a market cap of $5.92 million, a P/E ratio of 16.64 and a beta of 0.53. The stock’s 50-day moving average is $15.79 and its 200-day moving average is $15.64. ATAC Credit Rotation ETF has a one year low of $14.27 and a one year high of $16.24.

ATAC Credit Rotation ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, February 4th. Investors of record on Tuesday, February 3rd were paid a dividend of $0.08 per share. This represents a c) dividend on an annualized basis and a yield of 6.2%. The ex-dividend date of this dividend was Tuesday, February 3rd. This is a positive change from ATAC Credit Rotation ETF’s previous monthly dividend of $0.08.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in ATAC Credit Rotation ETF stock. Root Financial Partners LLC acquired a new position in shares of ATAC Credit Rotation ETF (NYSEARCA:JOJOFree Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,300 shares of the company’s stock, valued at approximately $35,000. Root Financial Partners LLC owned approximately 0.53% of ATAC Credit Rotation ETF as of its most recent SEC filing.

About ATAC Credit Rotation ETF

(Get Free Report)

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.

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