Short Interest in ATAC Credit Rotation ETF (NYSEARCA:JOJO) Increases By 539.7%

ATAC Credit Rotation ETF (NYSEARCA:JOJO) was the target of a significant growth in short interest during the month of February. As of February 13th, there was short interest totaling 435 shares, a growth of 539.7% from the January 29th total of 68 shares. Based on an average daily trading volume, of 6,197 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the shares of the company are sold short. Currently, 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 6,197 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of 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 shares of ATAC Credit Rotation ETF (NYSEARCA:JOJO) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 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.

ATAC Credit Rotation ETF Price Performance

NYSEARCA:JOJO traded up $0.09 during midday trading on Friday, reaching $16.24. The stock had a trading volume of 139 shares, compared to its average volume of 4,670. The firm’s fifty day simple moving average is $15.74 and its 200-day simple moving average is $15.57. The stock has a market capitalization of $6.17 million, a P/E ratio of 16.64 and a beta of 0.53. ATAC Credit Rotation ETF has a 1-year low of $14.27 and a 1-year high of $16.24.

ATAC Credit Rotation ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, February 4th. Investors of record on Tuesday, February 3rd were given a dividend of $0.08 per share. This represents a c) dividend on an annualized basis and a yield of 5.9%. This is an increase from ATAC Credit Rotation ETF’s previous monthly dividend of $0.08. The ex-dividend date of this dividend was Tuesday, February 3rd.

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.