ATAC US Rotation ETF (NYSEARCA:RORO) Shares Down 1% – Here’s Why

Shares of ATAC US Rotation ETF (NYSEARCA:RORO) fell 1% during trading on Friday . The company traded as low as $17.90 and last traded at $17.90. 185 shares changed hands during mid-day trading, a decline of 96% from the average session volume of 4,335 shares. The stock had previously closed at $18.08.

ATAC US Rotation ETF Price Performance

The firm has a market capitalization of $11.64 million, a PE ratio of 22.98 and a beta of 0.92. The stock’s 50-day moving average price is $17.78 and its 200 day moving average price is $17.57.

Institutional Trading of ATAC US Rotation ETF

A hedge fund recently bought a new stake in ATAC US Rotation ETF stock. Arkadios Wealth Advisors acquired a new position in ATAC US Rotation ETF (NYSEARCA:RORO) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 14,862 shares of the company’s stock, valued at approximately $258,000. Arkadios Wealth Advisors owned about 2.29% of ATAC US Rotation ETF as of its most recent SEC filing.

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.