Optimize Strategy Index ETF (NASDAQ:OPTZ) Short Interest Up 1,356.3% in August

Optimize Strategy Index ETF (NASDAQ:OPTZ) was the target of a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 23,300 shares, an increase of 1,356.3% from the August 15th total of 1,600 shares. Based on an average daily trading volume, of 14,300 shares, the short-interest ratio is currently 1.6 days.

Optimize Strategy Index ETF Stock Performance

Shares of NASDAQ OPTZ traded up $0.22 during mid-day trading on Thursday, hitting $27.37. The company had a trading volume of 475 shares, compared to its average volume of 133,783. The firm’s 50-day moving average price is $27.08. Optimize Strategy Index ETF has a 12 month low of $25.05 and a 12 month high of $28.08. The company has a market cap of $145.06 million, a price-to-earnings ratio of -981.98 and a beta of 0.99.

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.