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

Optimize Strategy Index ETF (NASDAQ:OPTZ) saw a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 18,600 shares, an increase of 933.3% from the February 28th total of 1,800 shares. Based on an average trading volume of 6,600 shares, the short-interest ratio is currently 2.8 days. Approximately 0.3% of the company’s stock are sold short.

Optimize Strategy Index ETF Stock Down 0.9 %

Shares of NASDAQ OPTZ opened at $27.60 on Friday. The firm’s 50-day moving average price is $29.23 and its 200-day moving average price is $29.45. The company has a market cap of $154.56 million, a PE ratio of -1,013.18 and a beta of 0.99. Optimize Strategy Index ETF has a 52-week low of $25.05 and a 52-week high of $31.72.

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.