Short Interest in Optimize Strategy Index ETF (NASDAQ:OPTZ) Drops By 94.1%

Optimize Strategy Index ETF (NASDAQ:OPTZ) was the target of a significant decline in short interest in July. As of July 31st, there was short interest totaling 72 shares, a decline of 94.1% from the July 15th total of 1,222 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 3,701 shares, the days-to-cover ratio is presently 0.0 days.

Optimize Strategy Index ETF Price Performance

OPTZ traded up $0.49 on Thursday, hitting $47.74. 18,555 shares of the stock were exchanged, compared to its average volume of 7,889. Optimize Strategy Index ETF has a 12 month low of $32.66 and a 12 month high of $49.76. The business has a 50-day moving average of $46.67 and a two-hundred day moving average of $42.18. The firm has a market capitalization of $275.94 million, a price-to-earnings ratio of -1,752.51 and a beta of 1.32.

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.