For investors seeking momentum, the SGI Dynamic Tactical ETF (DYTA Quick QuoteDYTA - Free Report) is probably on the radar now. The fund just hit a 52-week high and jumped 16.3% from its 52-week low price of $26.96 per share.

But are there more gains in store for this ETF? Let’s take a quick look at the fund and its near-term outlook to get a better sense of where it might head.

DYTA in Focus

This is an actively managed semi-transparent ETF that seeks to provide long-term capital appreciation. The product charges 132 basis points (bps) in annual fees (See: All Total Portfolio ETFs here).

What Led to the Rise?

DYTA dynamically shifts exposure based on market conditions, and its largest allocations heavily favored the broad market rally. The fund’s sizable allocations to strong-performing ETFs such as Vanguard Information Technology ETF (VGT) and iShares MSCI USA Momentum Factor ETF (MTUM) enabled it to benefit from the powerful AI-driven technology rally. This momentum likely helped DYTA climb to a new high recently.

More Gains Ahead?

DYTA may continue its strong performance in the near term, with a positive weighted alpha of 14.79 (as per Barchart.com), which suggests a further rally.