ATAC Credit Rotation ETF (NYSEARCA:JOJO) Short Interest Up 3,920.0% in May

ATAC Credit Rotation ETF (NYSEARCA:JOJO) was the recipient of a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 4,221 shares, an increase of 3,920.0% from the April 30th total of 105 shares. Currently, 1.1% of the company’s shares are sold short. Based on an average daily volume of 7,495 shares, the days-to-cover ratio is presently 0.6 days.

ATAC Credit Rotation ETF Trading Up 0.1%

Shares of NYSEARCA:JOJO traded up $0.02 during trading on Friday, reaching $15.66. 2,668 shares of the company traded hands, compared to its average volume of 4,439. The firm has a market capitalization of $5.95 million, a price-to-earnings ratio of 16.64 and a beta of 0.50. The business’s fifty day moving average is $15.61 and its 200-day moving average is $15.67. ATAC Credit Rotation ETF has a 52-week low of $14.89 and a 52-week high of $16.24.

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 acquired a new stake in shares of ATAC Credit Rotation ETF (NYSEARCA:JOJO) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (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 at the end of the most recent reporting period.

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.