Short Interest in ATAC Credit Rotation ETF (NYSEARCA:JOJO) Increases By 521.3%

ATAC Credit Rotation ETF (NYSEARCA:JOJO) was the recipient of a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 5,623 shares, an increase of 521.3% from the May 31st total of 905 shares. Based on an average daily trading volume, of 3,405 shares, the short-interest ratio is currently 1.7 days. Approximately 1.5% of the shares of the company are sold short.

ATAC Credit Rotation ETF Stock Performance

ATAC Credit Rotation ETF stock remained flat at $15.71 during trading hours on Friday. 2,260 shares of the company’s stock were exchanged, compared to its average volume of 4,164. The stock has a market capitalization of $5.97 million, a PE ratio of 16.64 and a beta of 0.49. ATAC Credit Rotation ETF has a 52 week low of $14.99 and a 52 week high of $16.24. The company’s 50-day moving average price is $15.61 and its 200 day moving average price is $15.67.

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.