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

ATAC Credit Rotation ETF (NYSEARCA:JOJO) saw a large drop in short interest in 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 trading volume of 3,689 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are sold short.

Institutional Trading of ATAC Credit Rotation ETF

An institutional investor recently bought a new position in ATAC Credit Rotation ETF stock. Root Financial Partners LLC bought a new position in ATAC Credit Rotation ETF (NYSEARCA:JOJO) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 2,300 shares of the company’s stock, valued at approximately $35,000. Root Financial Partners LLC owned 0.53% of ATAC Credit Rotation ETF as of its most recent filing with the Securities and Exchange Commission.

ATAC Credit Rotation ETF Price Performance

Shares of JOJO stock traded down $0.06 during mid-day trading on Friday, hitting $15.52. The stock had a trading volume of 7,635 shares, compared to its average volume of 4,400. ATAC Credit Rotation ETF has a fifty-two week low of $14.81 and a fifty-two week high of $16.24. The firm has a market cap of $5.90 million, a PE ratio of 16.64 and a beta of 0.50. The company’s 50-day simple moving average is $15.64 and its 200-day simple moving average is $15.66.

ATAC Credit Rotation ETF Company Profile

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.