ATAC Credit Rotation ETF (NYSEARCA:JOJO) Short Interest Down 58.8% in April

ATAC Credit Rotation ETF (NYSEARCA:JOJO) saw a large drop in short interest during the month of April. As of April 30th, there was short interest totaling 105 shares, a drop of 58.8% from the April 15th total of 255 shares. Based on an average daily volume of 3,689 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are short sold.

ATAC Credit Rotation ETF Stock Performance

ATAC Credit Rotation ETF stock traded down $0.06 during midday trading on Friday, hitting $15.52. 7,635 shares of the company’s stock were exchanged, compared to its average volume of 4,400. ATAC Credit Rotation ETF has a 12-month low of $14.81 and a 12-month high of $16.24. The stock has a market cap of $5.90 million, a price-to-earnings ratio of 16.64 and a beta of 0.50. The firm’s 50 day simple moving average is $15.64 and its 200 day simple moving average is $15.66.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake 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 its most recent Form 13F filing with the SEC. The firm acquired 2,300 shares of the company’s stock, valued at approximately $35,000. Root Financial Partners LLC owned about 0.53% of ATAC Credit Rotation ETF as of its most recent filing with the SEC.

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.