Short Interest in ATAC Credit Rotation ETF (NYSEARCA:JOJO) Grows By 28.2%

ATAC Credit Rotation ETF (NYSEARCA:JOJO) was the recipient of a large 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 daily trading volume, of 5,544 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the company’s stock are short sold.

ATAC Credit Rotation ETF Price Performance

Shares of NYSEARCA JOJO opened at $15.39 on Monday. The stock has a market capitalization of $5.85 million, a price-to-earnings ratio of 16.64 and a beta of 0.53. The business has a 50-day moving average of $15.79 and a 200-day moving average of $15.63. ATAC Credit Rotation ETF has a fifty-two week low of $14.27 and a fifty-two week high of $16.24.

ATAC Credit Rotation ETF Increases Dividend

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in ATAC Credit Rotation ETF stock. Root Financial Partners LLC acquired a new position in shares of ATAC Credit Rotation ETF (NYSEARCA:JOJO) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 2,300 shares of the company’s stock, valued at approximately $35,000. Root Financial Partners LLC owned about 0.53% of ATAC Credit Rotation ETF at the end of the most recent reporting period.

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.