Short Interest in ATAC Credit Rotation ETF (NYSEARCA:JOJO) Expands By 521.3%

ATAC Credit Rotation ETF (NYSEARCA:JOJO) was the target of a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 5,623 shares, a growth of 521.3% from the May 31st total of 905 shares. Currently, 1.5% of the shares of the stock are short sold. Based on an average trading volume of 3,405 shares, the days-to-cover ratio is currently 1.7 days.

ATAC Credit Rotation ETF Stock Up 0.1%

Shares of NYSEARCA JOJO traded up $0.01 during mid-day trading on Friday, hitting $15.72. 2,043 shares of the company traded hands, compared to its average volume of 4,146. ATAC Credit Rotation ETF has a 1 year low of $14.99 and a 1 year high of $16.24. The stock has a market capitalization of $5.97 million, a price-to-earnings ratio of 16.64 and a beta of 0.49. The business has a 50 day moving average of $15.61 and a two-hundred day moving average of $15.67.

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.