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

Optimize Strategy Index ETF (NASDAQ:OPTZ) saw a significant decrease in short interest in February. As of February 27th, there was short interest totaling 337 shares, a decrease of 90.6% from the February 12th total of 3,603 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 7,577 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily volume of 7,577 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.

Optimize Strategy Index ETF Trading Down 1.7%

OPTZ traded down $0.63 during trading on Tuesday, hitting $36.76. The company’s stock had a trading volume of 203 shares, compared to its average volume of 9,694. The firm has a market capitalization of $208.06 million, a price-to-earnings ratio of -1,349.44 and a beta of 1.32. Optimize Strategy Index ETF has a twelve month low of $23.25 and a twelve month high of $38.95. The business’s fifty day simple moving average is $37.72 and its 200 day simple moving average is $36.08.

Optimize Strategy Index ETF Announces Dividend

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