ATAC Credit Rotation ETF (NYSEARCA:JOJO – Get Free Report) saw 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 daily volume of 2,425 shares, the short-interest ratio is presently 2.6 days. Currently, 2.0% of the shares of the stock are short sold.
ATAC Credit Rotation ETF Price Performance
JOJO stock traded up $0.01 during midday trading on Friday, reaching $14.70. 5,129 shares of the stock were exchanged, compared to its average volume of 5,413. The stock has a market capitalization of $4.70 million, a PE ratio of 16.64 and a beta of 0.49. ATAC Credit Rotation ETF has a 52 week low of $14.65 and a 52 week high of $16.24. The company has a fifty day moving average price of $15.00 and a 200 day moving average price of $15.37.
ATAC Credit Rotation ETF Increases Dividend
The company also recently declared a monthly dividend, which was paid on Wednesday, August 5th. Shareholders of record on Tuesday, August 4th were issued a dividend of $0.0584 per share. This represents a $0.70 annualized dividend and a yield of 4.8%. The ex-dividend date was Tuesday, August 4th. This is a positive change from ATAC Credit Rotation ETF’s previous monthly dividend of $0.0560.
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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