Short Interest in SGI Dynamic Tactical ETF (NASDAQ:DYTA) Grows By 558.6%

SGI Dynamic Tactical ETF (NASDAQ:DYTA) was the target of a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 14,021 shares, an increase of 558.6% from the April 30th total of 2,129 shares. Based on an average trading volume of 8,822 shares, the days-to-cover ratio is presently 1.6 days. Currently, 0.4% of the company’s shares are sold short.

SGI Dynamic Tactical ETF Stock Performance

Shares of DYTA stock opened at $31.43 on Friday. SGI Dynamic Tactical ETF has a fifty-two week low of $26.96 and a fifty-two week high of $31.45. The stock has a 50 day moving average price of $29.70 and a two-hundred day moving average price of $29.48. The company has a market capitalization of $99.63 million, a P/E ratio of 21.31 and a beta of 0.73.

About SGI Dynamic Tactical ETF

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.