ATAC Credit Rotation ETF (NYSEARCA:JOJO) Shares Shorted: Short Interest Down 67.2% in September

ATAC Credit Rotation ETF (NYSEARCA:JOJO) was the target of a large decline in short interest in September. As of September 15th, there was short interest totaling 6,261 shares, a decline of 67.2% from the August 31st total of 19,102 shares. Based on an average daily trading volume, of 2,425 shares, the short-interest ratio is presently 2.6 days. Approximately 2.0% of the shares of the stock are short sold.

ATAC Credit Rotation ETF Stock Down 0.4%

Shares of NYSEARCA JOJO traded down $0.06 during trading hours on Tuesday, reaching $14.57. 703 shares of the stock traded hands, compared to its average volume of 5,372. The company has a market capitalization of $4.66 million, a P/E ratio of 16.64 and a beta of 0.49. The company’s 50-day simple moving average is $14.99 and its two-hundred day simple moving average is $15.36. ATAC Credit Rotation ETF has a 52-week low of $14.57 and a 52-week high of $16.24.

ATAC Credit Rotation ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, August 5th. Stockholders of record on Tuesday, August 4th were paid a dividend of $0.0584 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 4.8%. This is an increase from ATAC Credit Rotation ETF’s previous monthly dividend of $0.0560. The ex-dividend date of this dividend was Tuesday, August 4th.

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.