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.

ATAC Credit Rotation ETF Price Performance

NYSEARCA:JOJO traded down $0.01 during trading hours on Wednesday, reaching $15.64. 8,993 shares of the company were exchanged, compared to its average volume of 4,428. The firm has a market cap of $5.94 million, a price-to-earnings ratio of 16.64 and a beta of 0.50. ATAC Credit Rotation ETF has a 52-week low of $14.89 and a 52-week high of $16.24. The stock has a 50 day simple moving average of $15.62 and a 200 day simple moving average of $15.66.

Hedge Funds 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 purchased a new position in shares of ATAC Credit Rotation ETF (NYSEARCA:JOJO) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 2,300 shares of the company’s stock, valued at approximately $35,000. Root Financial Partners LLC owned 0.53% of ATAC Credit Rotation ETF as of its most recent SEC filing.

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.