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

ATAC Credit Rotation ETF (NYSEARCA:JOJO) was the recipient of a large decrease in short interest during the month of January. As of January 30th, there was short interest totaling 68 shares, a decrease of 89.5% from the January 15th total of 649 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 7,777 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily volume of 7,777 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are sold short.

ATAC Credit Rotation ETF Stock Performance

NYSEARCA:JOJO traded up $0.19 during mid-day trading on Thursday, reaching $15.99. The stock had a trading volume of 5,145 shares, compared to its average volume of 5,388. The stock has a market capitalization of $6.08 million, a P/E ratio of 16.64 and a beta of 0.53. The firm has a 50 day moving average price of $15.63 and a two-hundred day moving average price of $15.52. ATAC Credit Rotation ETF has a one year low of $14.27 and a one year high of $16.00.

ATAC Credit Rotation ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, February 4th. Stockholders of record on Tuesday, February 3rd were paid a $0.08 dividend. This is a positive change from ATAC Credit Rotation ETF’s previous monthly dividend of $0.08. The ex-dividend date of this dividend was Tuesday, February 3rd. This represents a c) dividend on an annualized basis and a dividend yield of 6.0%.

Hedge Funds Weigh In On ATAC Credit Rotation ETF

A hedge fund recently bought a new stake in ATAC Credit Rotation ETF stock. Root Financial Partners LLC purchased a new position in ATAC Credit Rotation ETF (NYSEARCA:JOJO) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 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 SEC filing.

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.