Short Interest in Optimize Strategy Index ETF (NASDAQ:OPTZ) Decreases By 21.7%

Optimize Strategy Index ETF (NASDAQ:OPTZ) was the recipient of a large decrease in short interest during the month of February. As of February 28th, there was short interest totalling 1,800 shares, a decrease of 21.7% from the February 13th total of 2,300 shares. Based on an average daily volume of 6,500 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.0% of the shares of the stock are short sold.

Optimize Strategy Index ETF Trading Down 1.5 %

OPTZ traded down $0.41 on Tuesday, hitting $27.41. 1,415 shares of the company’s stock were exchanged, compared to its average volume of 6,457. Optimize Strategy Index ETF has a fifty-two week low of $25.05 and a fifty-two week high of $31.72. The stock has a market cap of $152.40 million, a price-to-earnings ratio of -1,006.20 and a beta of 0.99. The firm has a 50-day moving average price of $29.48 and a 200-day moving average price of $29.44.

Optimize Strategy Index ETF Announces Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, December 26th. Shareholders of record on Tuesday, December 24th were issued a $0.0956 dividend. The ex-dividend date was Tuesday, December 24th. Optimize Strategy Index ETF’s payout ratio is -330.38%.

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.