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

Optimize Strategy Index ETF (NASDAQ:OPTZ) was the target of a large decrease in short interest in June. As of June 30th, there was short interest totaling 172 shares, a decrease of 72.1% from the June 15th total of 617 shares. Based on an average daily trading volume, of 4,023 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

Optimize Strategy Index ETF Stock Down 2.1%

Optimize Strategy Index ETF stock traded down $1.00 during mid-day trading on Monday, hitting $46.46. 1,267 shares of the company’s stock traded hands, compared to its average volume of 7,757. The firm has a 50 day moving average price of $46.01 and a 200 day moving average price of $40.76. The company has a market cap of $266.68 million, a PE ratio of -1,705.52 and a beta of 1.26. Optimize Strategy Index ETF has a one year low of $30.86 and a one year high of $49.76.

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.