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

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

SGI Dynamic Tactical ETF Stock Performance

Shares of DYTA traded down $0.23 during trading hours on Wednesday, hitting $30.85. The stock had a trading volume of 4,127 shares, compared to its average volume of 16,713. The firm has a 50-day moving average price of $30.19 and a 200 day moving average price of $29.58. 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 capitalization of $97.79 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.