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

Optimize Strategy Index ETF (NASDAQ:OPTZ) saw a significant drop in short interest during the month of December. As of December 31st, there was short interest totaling 2,024 shares, a drop of 78.0% from the December 15th total of 9,211 shares. Based on an average trading volume of 9,077 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the company’s shares are short sold. Currently, 0.0% of the company’s shares are short sold. Based on an average trading volume of 9,077 shares, the days-to-cover ratio is presently 0.2 days.

Optimize Strategy Index ETF Stock Down 0.1%

NASDAQ:OPTZ traded down $0.02 during trading hours on Wednesday, reaching $37.43. The company had a trading volume of 53 shares, compared to its average volume of 5,306. Optimize Strategy Index ETF has a twelve month low of $23.25 and a twelve month high of $37.45. The firm has a market cap of $208.11 million, a price-to-earnings ratio of -1,374.03 and a beta of 1.32. The business’s 50-day simple moving average is $35.99 and its two-hundred day simple moving average is $34.47.

Optimize Strategy Index ETF Dividend Announcement

The company also recently announced an annual dividend, which was paid on Wednesday, December 24th. Shareholders of record on Tuesday, December 23rd were paid 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 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.