ATAC US Rotation ETF (NYSEARCA:RORO – Get Free Report)’s stock price shot up 1.4% during trading on Thursday . The stock traded as high as $17.28 and last traded at $17.26. 1,011 shares were traded during mid-day trading, a decline of 77% from the average session volume of 4,479 shares. The stock had previously closed at $17.02.
ATAC US Rotation ETF Price Performance
The company’s 50 day simple moving average is $17.61 and its 200 day simple moving average is $17.69. The firm has a market cap of $11.22 million, a price-to-earnings ratio of 22.98 and a beta of 0.92.
Hedge Funds Weigh In On ATAC US Rotation ETF
A hedge fund recently raised its stake in ATAC US Rotation ETF stock. Stegent Equity Advisors Inc. increased its position in shares of ATAC US Rotation ETF (NYSEARCA:RORO – Free Report) by 175.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 74,735 shares of the company’s stock after purchasing an additional 47,603 shares during the period. ATAC US Rotation ETF accounts for approximately 1.6% of Stegent Equity Advisors Inc.’s portfolio, making the stock its 26th largest position. Stegent Equity Advisors Inc. owned 11.86% of ATAC US Rotation ETF worth $1,322,000 at the end of the most recent quarter.
About ATAC US Rotation ETF
The ATAC US Rotation ETF (RORO) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is an actively managed fund-of-funds, focused on capital appreciation by toggling between US equities and long duration US Treasurys based on a proprietary market risk indicator.
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