Short Interest in Optimize Strategy Index ETF (NASDAQ:OPTZ) Expands By 668.9%

Optimize Strategy Index ETF (NASDAQ:OPTZ) was the recipient of a large growth in short interest during the month of December. As of December 15th, there was short interest totaling 9,211 shares, a growth of 668.9% from the November 30th total of 1,198 shares. Based on an average trading volume of 5,105 shares, the days-to-cover ratio is presently 1.8 days. Currently, 0.2% of the company’s stock are sold short. Currently, 0.2% of the company’s stock are sold short. Based on an average trading volume of 5,105 shares, the days-to-cover ratio is presently 1.8 days.

Optimize Strategy Index ETF Stock Performance

Shares of NASDAQ:OPTZ traded down $0.13 during midday trading on Friday, reaching $36.68. The company had a trading volume of 1,245 shares, compared to its average volume of 6,269. The firm has a market cap of $201.01 million, a price-to-earnings ratio of -1,346.50 and a beta of 1.32. The company has a fifty day simple moving average of $35.53 and a two-hundred day simple moving average of $33.76. Optimize Strategy Index ETF has a 1-year low of $23.25 and a 1-year high of $37.42.

Optimize Strategy Index ETF Announces Dividend

The firm also recently declared an annual dividend, which was paid on Wednesday, December 24th. Shareholders of record on Tuesday, December 23rd were paid a $0.2103 dividend. This represents a yield of 58.0%. The ex-dividend date was Tuesday, December 23rd. Optimize Strategy Index ETF’s payout ratio is presently -330.38%.

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.