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

Optimize Strategy Index ETF (NASDAQ:OPTZ) saw a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 6,705 shares, a growth of 9,212.5% from the July 30th total of 72 shares. Based on an average daily trading volume, of 14,954 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.1% of the company’s shares are short sold.

Optimize Strategy Index ETF Price Performance

Shares of OPTZ opened at $45.99 on Wednesday. Optimize Strategy Index ETF has a one year low of $33.19 and a one year high of $49.76. The company has a 50-day simple moving average of $46.75 and a two-hundred day simple moving average of $42.77. The firm has a market capitalization of $265.82 million, a PE ratio of -1,688.26 and a beta of 1.32.

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.