SGI Dynamic Tactical ETF (NASDAQ:DYTA) Sees Significant Decrease in Short Interest

SGI Dynamic Tactical ETF (NASDAQ:DYTA) saw a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 2,240 shares, a decline of 84.0% from the May 14th total of 14,021 shares. Based on an average daily volume of 9,909 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the shares of the company are sold short.

SGI Dynamic Tactical ETF Price Performance

NASDAQ DYTA traded up $0.49 on Thursday, hitting $31.27. 5,220 shares of the company’s stock were exchanged, compared to its average volume of 16,631. The firm’s 50-day moving average price is $30.26 and its two-hundred day moving average price is $29.59. SGI Dynamic Tactical ETF has a fifty-two week low of $26.96 and a fifty-two week high of $31.75. The firm has a market cap of $99.13 million, a price-to-earnings ratio of 21.31 and a beta of 0.74.

SGI Dynamic Tactical ETF Company Profile

The SGI Dynamic Tactical ETF (DYTA) is an exchange-traded fund that mostly invests in total market equity. The fund is an active fund-of-funds, a non-transparent ETF that seeks capital appreciation by investing in global equity securities while attempting to reduce risk by tactically changing exposure to other asset classes. The fund utilizes the Blue Tractor non-transparent model. DYTA was launched on Mar 30, 2023 and is managed by Summit Global Investments.