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

Optimize Strategy Index ETF (NASDAQ:OPTZ) was the recipient of a large increase in short interest during the month of January. As of January 15th, there was short interest totalling 3,900 shares, an increase of 457.1% from the December 31st total of 700 shares. Based on an average daily volume of 7,700 shares, the days-to-cover ratio is presently 0.5 days.

Optimize Strategy Index ETF Trading Up 0.8 %

NASDAQ OPTZ traded up $0.25 on Tuesday, hitting $30.42. 1,500 shares of the company were exchanged, compared to its average volume of 8,329. The stock has a fifty day moving average of $30.43 and a 200-day moving average of $28.91. Optimize Strategy Index ETF has a 12 month low of $25.05 and a 12 month high of $31.72. The company has a market cap of $169.74 million, a PE ratio of -1,116.70 and a beta of 0.99.

Optimize Strategy Index ETF Announces Dividend

The business also recently declared a dividend, which was paid on Thursday, December 26th. Investors of record on Tuesday, December 24th were given a dividend of $0.0956 per share. The ex-dividend date of this dividend was Tuesday, December 24th. Optimize Strategy Index ETF’s payout ratio is currently -330.38%.

About Optimize Strategy Index ETF

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.