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

Optimize Strategy Index ETF (NASDAQ:OPTZ) was the target of a large growth in short interest during 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. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 14,954 shares, the short-interest ratio is currently 0.4 days.

Optimize Strategy Index ETF Trading Up 0.8%

NASDAQ:OPTZ traded up $0.37 during midday trading on Tuesday, hitting $45.99. 2,099 shares of the company traded hands, compared to its average volume of 7,593. The firm’s fifty day moving average is $46.78 and its 200-day moving average is $42.71. Optimize Strategy Index ETF has a 12-month low of $33.19 and a 12-month high of $49.76. The firm has a market capitalization of $265.82 million, a P/E 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.