ATAC Credit Rotation ETF (NYSEARCA:JOJO) Short Interest Up 116.3% in December
by Michael Walen · The Markets DailyATAC Credit Rotation ETF (NYSEARCA:JOJO – Get Free Report) saw a large increase in short interest in the month of December. As of December 31st, there was short interest totaling 305 shares, an increase of 116.3% from the December 15th total of 141 shares. Based on an average trading volume of 1,953 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the shares of the company are short sold. Currently, 0.1% of the shares of the company are short sold. Based on an average trading volume of 1,953 shares, the short-interest ratio is presently 0.2 days.
ATAC Credit Rotation ETF Stock Performance
Shares of NYSEARCA JOJO traded down $0.01 during midday trading on Friday, reaching $15.68. The stock had a trading volume of 1,904 shares, compared to its average volume of 2,182. ATAC Credit Rotation ETF has a 12-month low of $14.27 and a 12-month high of $15.87. The stock has a 50-day moving average of $15.57 and a 200-day moving average of $15.44. The company has a market capitalization of $6.27 million, a price-to-earnings 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, December 31st. Investors of record on Tuesday, December 30th were paid a dividend of $0.0763 per share. The ex-dividend date of this dividend was Tuesday, December 30th. This is a boost from ATAC Credit Rotation ETF’s previous monthly dividend of $0.05. This represents a c) dividend on an annualized basis and a yield of 5.8%.
Hedge Funds Weigh In On ATAC Credit Rotation ETF
A hedge fund recently bought a new stake in ATAC Credit Rotation ETF stock. Root Financial Partners LLC acquired a new stake in shares of ATAC Credit Rotation ETF (NYSEARCA:JOJO – Free Report) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm 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 as of its most recent filing with the Securities & Exchange Commission.
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.