ATAC Credit Rotation ETF (NYSEARCA:JOJO) Short Interest Down 30.6% in March
by Scott Moore · The Cerbat GemATAC Credit Rotation ETF (NYSEARCA:JOJO – Get Free Report) was the target of a significant drop in short interest in March. As of March 31st, there was short interest totaling 350 shares, a drop of 30.6% from the March 15th total of 504 shares. Based on an average daily trading volume, of 3,043 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the shares of the stock are sold short.
ATAC Credit Rotation ETF Stock Down 0.4%
Shares of ATAC Credit Rotation ETF stock traded down $0.07 on Thursday, hitting $15.63. The company’s stock had a trading volume of 1,069 shares, compared to its average volume of 4,004. The company has a market capitalization of $5.94 million, a P/E ratio of 16.64 and a beta of 0.53. ATAC Credit Rotation ETF has a 52-week low of $14.41 and a 52-week high of $16.24. The firm has a fifty day moving average price of $15.78 and a 200-day moving average price of $15.66.
ATAC Credit Rotation ETF Increases Dividend
The firm also recently declared a monthly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Tuesday, February 3rd were issued a $0.08 dividend. This represents a c) annualized dividend and a dividend yield of 6.1%. This is a boost from ATAC Credit Rotation ETF’s previous monthly dividend of $0.08. The ex-dividend date of this dividend was Tuesday, February 3rd.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in ATAC Credit Rotation ETF stock. Root Financial Partners LLC acquired a new position in shares of ATAC Credit Rotation ETF (NYSEARCA:JOJO – Free Report) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 2,300 shares of the company’s stock, valued at approximately $35,000. Root Financial Partners LLC owned about 0.53% of ATAC Credit Rotation ETF at the end of the most recent reporting period.
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.