ATAC Credit Rotation ETF (NYSEARCA:JOJO) Sees Significant Drop in Short Interest

ATAC Credit Rotation ETF (NYSEARCA:JOJO) was the recipient of a large decline in short interest in May. As of May 29th, there was short interest totaling 905 shares, a decline of 78.6% from the May 14th total of 4,221 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average trading volume of 4,905 shares, the short-interest ratio is presently 0.2 days.

ATAC Credit Rotation ETF Trading Down 0.3%

NYSEARCA JOJO traded down $0.04 during midday trading on Wednesday, hitting $15.47. The company had a trading volume of 663 shares, compared to its average volume of 4,391. The company has a market capitalization of $5.88 million, a PE ratio of 16.64 and a beta of 0.49. The firm has a 50-day moving average price of $15.62 and a 200-day moving average price of $15.67. ATAC Credit Rotation ETF has a twelve month low of $14.90 and a twelve month 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.