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

ATAC Credit Rotation ETF (NYSEARCA:JOJO) was the target of a large decline in short interest in the month of April. As of April 30th, there was short interest totaling 105 shares, a decline of 58.8% from the April 15th total of 255 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average trading volume of 3,689 shares, the short-interest ratio is currently 0.0 days.

ATAC Credit Rotation ETF Price Performance

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in ATAC Credit Rotation ETF stock. Root Financial Partners LLC acquired a new stake in ATAC Credit Rotation ETF (NYSEARCA:JOJO) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 2,300 shares of the company’s stock, valued at approximately $35,000. Root Financial Partners LLC owned approximately 0.53% of ATAC Credit Rotation ETF at the end of the most recent quarter.

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.