Optimize Strategy Index ETF (NASDAQ:OPTZ) Sees Significant Increase in Short Interest

Optimize Strategy Index ETF (NASDAQ:OPTZ) was the recipient of a large increase in short interest in March. As of March 15th, there was short interest totalling 18,600 shares, an increase of 933.3% from the February 28th total of 1,800 shares. Based on an average daily volume of 6,600 shares, the short-interest ratio is presently 2.8 days. Approximately 0.3% of the company’s shares are sold short.

Optimize Strategy Index ETF Trading Down 1.4 %

NASDAQ OPTZ traded down $0.39 on Wednesday, reaching $27.86. The stock had a trading volume of 6,201 shares, compared to its average volume of 6,128. Optimize Strategy Index ETF has a 1 year low of $25.05 and a 1 year high of $31.72. The business has a 50 day moving average price of $29.28 and a 200 day moving average price of $29.46. The company has a market capitalization of $156.02 million, a price-to-earnings ratio of -1,022.72 and a beta of 0.99.

Optimize Strategy Index ETF Company Profile

The Optimize Strategy Index ETF (OPTZ) is an exchange-traded fund that is based on the Optimize Strategy index. The fund aims to track an index of broad market US equities, choosing large- and small-cap firms perceived to have strong quality and momentum characteristics. Weighting is tiered, using a modified market-cap method OPTZ was launched on Apr 23, 2024 and is issued by Optimize.