Short Interest in ATAC Credit Rotation ETF (NYSEARCA:JOJO) Declines By 89.5%

ATAC Credit Rotation ETF (NYSEARCA:JOJO) was the recipient of a significant decline in short interest in the month of January. As of January 30th, there was short interest totaling 68 shares, a decline of 89.5% from the January 15th total of 649 shares. Currently, 0.0% of the shares of the company 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. Currently, 0.0% of the shares of the company are sold short.

ATAC Credit Rotation ETF Stock Performance

Shares of ATAC Credit Rotation ETF stock traded up $0.15 during trading hours on Tuesday, reaching $15.88. The company’s stock had a trading volume of 6,983 shares, compared to its average volume of 5,555. ATAC Credit Rotation ETF has a one year low of $14.27 and a one year high of $15.88. The company’s 50 day simple moving average is $15.62 and its 200 day simple moving average is $15.52. The stock has a market cap of $6.03 million, a P/E ratio of 16.64 and a beta of 0.53.

ATAC Credit Rotation ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, February 4th. Stockholders of record on Tuesday, February 3rd were given a dividend of $0.08 per share. This is an increase from ATAC Credit Rotation ETF’s previous monthly dividend of $0.08. This represents a c) annualized dividend and a dividend yield of 6.0%. The ex-dividend date was Tuesday, February 3rd.

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 stake in shares of ATAC Credit Rotation ETF (NYSEARCA:JOJO) in the third quarter, according to its most recent Form 13F filing with the SEC. The fund 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 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.