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

ATAC Credit Rotation ETF (NYSEARCA:JOJO) was the target of a large growth in short interest in August. As of August 31st, there was short interest totaling 19,102 shares, a growth of ∞ from the August 15th total of 0 shares. Based on an average daily volume of 13,953 shares, the short-interest ratio is currently 1.4 days. Currently, 5.5% of the company’s stock are sold short.

ATAC Credit Rotation ETF Price Performance

JOJO stock traded down $0.03 during trading hours on Tuesday, reaching $14.80. 252 shares of the stock were exchanged, compared to its average volume of 5,477. The firm’s 50-day moving average is $15.08 and its 200-day moving average is $15.45. ATAC Credit Rotation ETF has a 12 month low of $14.83 and a 12 month high of $16.24. The company has a market cap of $5.18 million, a price-to-earnings ratio of 16.64 and a beta of 0.49.

ATAC Credit Rotation ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, August 5th. Investors of record on Tuesday, August 4th were paid a $0.0584 dividend. This is a boost from ATAC Credit Rotation ETF’s previous monthly dividend of $0.06. This represents a c) annualized dividend and a dividend yield of 4.7%. 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.