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

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

Optimize Strategy Index ETF Price Performance

Shares of Optimize Strategy Index ETF stock traded up $0.51 during trading on Monday, hitting $27.82. 3,208 shares of the company’s stock traded hands, compared to its average volume of 6,558. Optimize Strategy Index ETF has a 1 year low of $25.05 and a 1 year high of $31.72. The stock has a market capitalization of $154.68 million, a P/E ratio of -1,021.25 and a beta of 0.99. The business has a 50-day simple moving average of $29.58 and a 200-day simple moving average of $29.44.

Optimize Strategy Index ETF Announces Dividend

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