ATAC Credit Rotation ETF (NYSEARCA:JOJO – Get Free Report) saw a significant increase in short interest in May. As of May 15th, there was short interest totaling 4,221 shares, an increase of 3,920.0% from the April 30th total of 105 shares. Based on an average daily volume of 7,495 shares, the days-to-cover ratio is presently 0.6 days. Currently, 1.1% of the company’s stock are sold short.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in ATAC Credit Rotation ETF stock. Root Financial Partners LLC bought a new stake in ATAC Credit Rotation ETF (NYSEARCA:JOJO – Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 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 SEC filing.
ATAC Credit Rotation ETF Stock Performance
Shares of ATAC Credit Rotation ETF stock opened at $15.64 on Thursday. The company has a market capitalization of $5.94 million, a PE ratio of 16.64 and a beta of 0.50. The company has a 50-day simple moving average of $15.62 and a two-hundred day simple moving average of $15.66. ATAC Credit Rotation ETF has a one year low of $14.89 and a one year high of $16.24.
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.
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