ATAC Credit Rotation ETF (NYSEARCA:JOJO) Sees Large Increase in Short Interest

ATAC Credit Rotation ETF (NYSEARCA:JOJO) saw a large increase in short interest in December. As of December 31st, there was short interest totaling 305 shares, an increase of 116.3% from the December 15th total of 141 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average trading volume of 1,953 shares, the short-interest ratio is presently 0.2 days. Based on an average trading volume of 1,953 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are sold short.

ATAC Credit Rotation ETF Price Performance

Shares of JOJO stock remained flat at $15.68 during trading hours on Wednesday. 789 shares of the stock traded hands, compared to its average volume of 2,232. The company has a market cap of $6.27 million, a PE ratio of 16.64 and a beta of 0.53. ATAC Credit Rotation ETF has a twelve month low of $14.27 and a twelve month high of $15.87. The firm has a 50 day moving average price of $15.56 and a 200-day moving average price of $15.44.

ATAC Credit Rotation ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 30th were given a dividend of $0.0763 per share. The ex-dividend date of this dividend was Tuesday, December 30th. This represents a c) annualized dividend and a dividend yield of 5.8%. This is an increase from ATAC Credit Rotation ETF’s previous monthly dividend of $0.05.

Institutional Trading of ATAC Credit Rotation ETF

An institutional investor recently bought a new stake in ATAC Credit Rotation ETF stock. Root Financial Partners LLC purchased a new position in ATAC Credit Rotation ETF (NYSEARCA:JOJO) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 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 as of its most recent filing with the Securities and Exchange Commission.

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.