ATAC Credit Rotation ETF (NYSEARCA:JOJO) Short Interest Down 78.6% in May

ATAC Credit Rotation ETF (NYSEARCA:JOJO) was the recipient of a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 905 shares, a drop of 78.6% from the May 14th total of 4,221 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily volume of 4,905 shares, the days-to-cover ratio is currently 0.2 days.

ATAC Credit Rotation ETF Price Performance

NYSEARCA:JOJO traded down $0.04 on Friday, reaching $15.60. 4,153 shares of the company’s stock were exchanged, compared to its average volume of 4,354. The firm has a market cap of $5.93 million, a price-to-earnings ratio of 16.64 and a beta of 0.49. ATAC Credit Rotation ETF has a 52 week low of $14.90 and a 52 week high of $16.24. The stock has a fifty day simple moving average of $15.62 and a 200-day simple moving average of $15.67.

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.