Short Interest in Optimize Strategy Index ETF (NASDAQ:OPTZ) Drops By 88.9%

Optimize Strategy Index ETF (NASDAQ:OPTZ) was the recipient of a large decrease in short interest in the month of May. As of May 15th, there was short interest totaling 688 shares, a decrease of 88.9% from the April 30th total of 6,191 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 7,878 shares, the short-interest ratio is presently 0.1 days.

Optimize Strategy Index ETF Stock Down 0.8%

NASDAQ:OPTZ traded down $0.37 during trading hours on Thursday, reaching $45.29. 363 shares of the company’s stock were exchanged, compared to its average volume of 8,458. The firm has a market capitalization of $261.78 million, a price-to-earnings ratio of -1,662.57 and a beta of 1.32. The company has a 50-day moving average of $40.47 and a 200 day moving average of $38.14. Optimize Strategy Index ETF has a 1-year low of $29.02 and a 1-year high of $45.75.

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.