Short Interest in Optimize Strategy Index ETF (NASDAQ:OPTZ) Increases By 884.3%

Optimize Strategy Index ETF (NASDAQ:OPTZ) was the target of a significant increase in short interest in April. As of April 30th, there was short interest totaling 6,191 shares, an increase of 884.3% from the April 15th total of 629 shares. Based on an average daily volume of 3,770 shares, the short-interest ratio is currently 1.6 days. Approximately 0.1% of the shares of the stock are sold short.

Optimize Strategy Index ETF Price Performance

OPTZ traded up $0.15 during trading on Wednesday, hitting $43.96. 2,342 shares of the stock traded hands, compared to its average volume of 8,965. Optimize Strategy Index ETF has a twelve month low of $28.77 and a twelve month high of $44.45. The company has a market cap of $254.09 million, a price-to-earnings ratio of -1,613.74 and a beta of 1.32. The business has a 50 day moving average price of $39.09 and a 200 day moving average price of $37.51.

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.