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

Optimize Strategy Index ETF (NASDAQ:OPTZ) was the target of a large increase in short interest in the month of February. As of February 15th, there was short interest totalling 2,300 shares, an increase of 43.8% from the January 31st total of 1,600 shares. Based on an average daily volume of 6,800 shares, the days-to-cover ratio is presently 0.3 days.

Optimize Strategy Index ETF Stock Down 1.4 %

OPTZ stock traded down $0.41 during midday trading on Tuesday, hitting $27.95. The company’s stock had a trading volume of 2,309 shares, compared to its average volume of 5,412. The stock has a market cap of $155.40 million, a price-to-earnings ratio of -1,026.03 and a beta of 0.99. The stock’s 50-day moving average price is $30.02 and its 200 day moving average price is $29.46. Optimize Strategy Index ETF has a 1 year low of $25.05 and a 1 year high of $31.72.

Optimize Strategy Index ETF Dividend Announcement

The business also recently disclosed a dividend, which was paid on Thursday, December 26th. Investors of record on Tuesday, December 24th were issued a dividend of $0.0956 per share. The ex-dividend date of this dividend was Tuesday, December 24th. Optimize Strategy Index ETF’s dividend payout ratio (DPR) is presently -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.