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

ATAC Credit Rotation ETF (NYSEARCA:JOJO) was the target of a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 38 shares, a drop of 99.7% from the July 15th total of 14,115 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 6,252 shares, the days-to-cover ratio is currently 0.0 days.

ATAC Credit Rotation ETF Stock Performance

Shares of JOJO stock opened at $15.04 on Thursday. ATAC Credit Rotation ETF has a 52 week low of $14.95 and a 52 week high of $16.24. The stock’s fifty day moving average is $15.34 and its 200-day moving average is $15.58. The stock has a market capitalization of $5.26 million, a PE ratio of 16.64 and a beta of 0.49.

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.