Short Interest in ATAC Credit Rotation ETF (NYSEARCA:JOJO) Rises By ∞

ATAC Credit Rotation ETF (NYSEARCA:JOJO) was the recipient of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 19,102 shares, a growth of ∞ from the August 15th total of 0 shares. Currently, 5.5% of the shares of the company are short sold. Based on an average daily trading volume, of 13,953 shares, the short-interest ratio is presently 1.4 days.

ATAC Credit Rotation ETF Stock Performance

NYSEARCA:JOJO opened at $14.80 on Thursday. The firm’s 50-day simple moving average is $15.06 and its 200 day simple moving average is $15.43. ATAC Credit Rotation ETF has a 52 week low of $14.79 and a 52 week high of $16.24. The firm has a market cap of $14.79 million, a price-to-earnings ratio of 16.64 and a beta of 0.49.

ATAC Credit Rotation ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, August 5th. Stockholders of record on Tuesday, August 4th were given a $0.0584 dividend. This represents a c) annualized dividend and a dividend yield of 4.7%. The ex-dividend date was Tuesday, August 4th. This is a boost from ATAC Credit Rotation ETF’s previous monthly dividend of $0.06.

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.