ATAC Credit Rotation ETF (NYSEARCA:JOJO) Sees Significant Growth in Short Interest

ATAC Credit Rotation ETF (NYSEARCA:JOJO) saw a large 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. Approximately 0.1% of the company’s shares are sold short. Based on an average trading volume of 6,197 shares, the short-interest ratio is presently 0.1 days. Based on an average trading volume of 6,197 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the company’s shares are sold short.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in ATAC Credit Rotation ETF stock. Root Financial Partners LLC purchased a new stake in ATAC Credit Rotation ETF (NYSEARCA:JOJO) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 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 at the end of the most recent quarter.

ATAC Credit Rotation ETF Stock Up 0.3%

Shares of ATAC Credit Rotation ETF stock traded up $0.05 during trading on Thursday, reaching $16.15. 4,075 shares of the company were exchanged, compared to its average volume of 4,916. The business has a 50-day moving average price of $15.73 and a 200-day moving average price of $15.57. ATAC Credit Rotation ETF has a twelve month low of $14.27 and a twelve month high of $16.14. The firm has a market capitalization of $6.14 million, a price-to-earnings ratio of 16.64 and a beta of 0.53.

ATAC Credit Rotation ETF Increases Dividend

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

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.