ATAC Credit Rotation ETF (NYSEARCA:JOJO) Sees Significant Drop in Short Interest
by Danessa Lincoln · The Markets DailyATAC Credit Rotation ETF (NYSEARCA:JOJO – Get Free Report) was the target of a large drop in short interest in September. As of September 15th, there was short interest totaling 6,261 shares, a drop of 67.2% from the August 31st total of 19,102 shares. Based on an average trading volume of 2,425 shares, the days-to-cover ratio is presently 2.6 days. Currently, 2.0% of the company’s stock are short sold.
ATAC Credit Rotation ETF Price Performance
Shares of JOJO stock traded up $0.01 during trading hours on Friday, reaching $14.70. The company had a trading volume of 5,129 shares, compared to its average volume of 5,413. The company has a market cap of $4.70 million, a price-to-earnings ratio of 16.64 and a beta of 0.49. ATAC Credit Rotation ETF has a 12 month low of $14.65 and a 12 month high of $16.24. The business has a fifty day simple moving average of $15.00 and a 200-day simple moving average of $15.37.
ATAC Credit Rotation ETF Increases Dividend
The firm also recently announced a monthly dividend, which was paid on Wednesday, August 5th. Stockholders of record on Tuesday, August 4th were issued a $0.0584 dividend. This is a boost from ATAC Credit Rotation ETF’s previous monthly dividend of $0.0560. This represents a $0.70 annualized dividend and a dividend yield of 4.8%. The ex-dividend date of this dividend was Tuesday, August 4th.
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.