Optimize Strategy Index ETF (NASDAQ:OPTZ) Shares Shorted: Short Interest Up 92.4% in October

Optimize Strategy Index ETF (NASDAQ:OPTZ) was the target of a significant increase in short interest in the month of October. As of October 30th, there was short interest totaling 6,966 shares, an increase of 92.4% from the October 15th total of 3,621 shares. Based on an average daily volume of 4,660 shares, the short-interest ratio is presently 1.5 days. Currently, 0.1% of the company’s shares are short sold.

Optimize Strategy Index ETF Price Performance

Shares of NASDAQ:OPTZ traded down $0.41 on Friday, hitting $43.65. 2,043 shares of the company’s stock were exchanged, compared to its average volume of 6,961. Optimize Strategy Index ETF has a 12 month low of $33.27 and a 12 month high of $49.76. The stock has a market capitalization of $379.75 million, a price-to-earnings ratio of -1,602.36 and a beta of 1.33. The business’s 50 day simple moving average is $44.73 and its two-hundred day simple moving average is $43.20.

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.