SGI Dynamic Tactical ETF (NASDAQ:DYTA) Sees Large Increase in Short Interest

SGI Dynamic Tactical ETF (NASDAQ:DYTA) was the recipient of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 14,364 shares, a growth of 202.7% from the July 15th total of 4,745 shares. Based on an average daily trading volume, of 9,696 shares, the short-interest ratio is currently 1.5 days. Approximately 0.4% of the company’s stock are short sold.

SGI Dynamic Tactical ETF Price Performance

DYTA traded up $0.01 during midday trading on Friday, hitting $32.17. 6,195 shares of the company’s stock traded hands, compared to its average volume of 14,923. The company has a market cap of $107.77 million, a PE ratio of 21.31 and a beta of 0.73. The stock’s fifty day simple moving average is $31.45 and its 200-day simple moving average is $30.26. SGI Dynamic Tactical ETF has a one year low of $26.96 and a one year high of $32.26.

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.