Short Interest in ATAC Credit Rotation ETF (NYSEARCA:JOJO) Declines By 89.5%

ATAC Credit Rotation ETF (NYSEARCA:JOJO) saw a large drop in short interest in the month of January. As of January 30th, there was short interest totaling 68 shares, a drop of 89.5% from the January 15th total of 649 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 7,777 shares, the short-interest ratio is presently 0.0 days. Based on an average daily trading volume, of 7,777 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the company’s shares are short sold.

ATAC Credit Rotation ETF Price Performance

JOJO stock traded down $0.07 during mid-day trading on Wednesday, reaching $15.81. The company had a trading volume of 513 shares, compared to its average volume of 5,372. ATAC Credit Rotation ETF has a 12 month low of $14.27 and a 12 month high of $15.88. The company has a market capitalization of $6.01 million, a PE ratio of 16.64 and a beta of 0.53. The firm has a 50 day moving average of $15.62 and a 200 day moving average of $15.52.

ATAC Credit Rotation ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, February 4th. Stockholders of record on Tuesday, February 3rd were paid a dividend of $0.08 per share. This is an increase from ATAC Credit Rotation ETF’s previous monthly dividend of $0.08. This represents a c) annualized dividend and a dividend yield of 6.1%. The ex-dividend date 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 bought a new stake in shares of ATAC Credit Rotation ETF (NYSEARCA:JOJO) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 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 filing with the Securities and Exchange Commission.

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.