ATAC Credit Rotation ETF (NYSEARCA:JOJO) Short Interest Up 3,920.0% in May

ATAC Credit Rotation ETF (NYSEARCA:JOJO) saw a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 4,221 shares, an increase of 3,920.0% from the April 30th total of 105 shares. Approximately 1.1% of the company’s shares are sold short. Based on an average daily volume of 7,495 shares, the short-interest ratio is currently 0.6 days.

Institutional Investors Weigh In On ATAC Credit Rotation ETF

An institutional investor recently bought a new position in ATAC Credit Rotation ETF stock. Root Financial Partners LLC acquired a new position in ATAC Credit Rotation ETF (NYSEARCA:JOJO) 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.

ATAC Credit Rotation ETF Stock Down 0.1%

Shares of ATAC Credit Rotation ETF stock traded down $0.01 during trading hours on Wednesday, hitting $15.64. The company’s stock had a trading volume of 8,993 shares, compared to its average volume of 4,428. ATAC Credit Rotation ETF has a 1-year low of $14.89 and a 1-year high of $16.24. The business has a fifty day moving average of $15.62 and a 200 day moving average of $15.66. The company has a market capitalization of $5.94 million, a PE ratio of 16.64 and a beta of 0.50.

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.