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

Optimize Strategy Index ETF (NASDAQ:OPTZ) was the target of a large growth in short interest in February. As of February 13th, there was short interest totaling 3,603 shares, a growth of 3,614.4% from the January 29th total of 97 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 8,726 shares, the days-to-cover ratio is currently 0.4 days. Based on an average trading volume of 8,726 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.1% of the shares of the stock are short sold.

Optimize Strategy Index ETF Stock Down 0.3%

NASDAQ OPTZ traded down $0.12 during mid-day trading on Wednesday, hitting $38.60. The stock had a trading volume of 73 shares, compared to its average volume of 9,937. The company has a 50 day simple moving average of $37.44 and a 200 day simple moving average of $35.75. The company has a market cap of $218.48 million, a price-to-earnings ratio of -1,416.98 and a beta of 1.32. Optimize Strategy Index ETF has a 52-week low of $23.25 and a 52-week high of $38.93.

Optimize Strategy Index ETF Announces Dividend

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

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.