Optimize AI Smart Sentiment ETF Sees Stability in Trading
The Optimize AI Smart Sentiment Event-Driven ETF (NYSEARCA:OAIE) experienced no change in its stock price during midday trading on Thursday, remaining steady at $28.30. The stock traded at a high of $28.30 and saw a total of 100 shares exchanged, a significant drop of 57% from its average session volume of 232 shares. The previous closing price stood at $28.2950.
Price Performance and Market Metrics
The ETF’s performance over recent weeks indicates stability, with a 50-day simple moving average of $28.30 and a 200-day simple moving average also at $28.30. The fund, managed by Optimize, boasts a market capitalization of $566,000, a price-to-earnings (PE) ratio of 18.27, and a beta of 1.06. These figures suggest a relatively stable investment profile, with a beta indicating a slight correlation to market movements.
About the ETF
The Optimize AI Smart Sentiment Event-Driven ETF aims to capitalize on market sentiment through an active management strategy. Launched on June 16, 2022, the fund primarily invests in long/short alternatives, selecting between 10 to 40 equity securities of U.S.-listed companies. Utilizing artificial intelligence, the ETF monitors option activities and evaluates overall market sentiment to guide its investment decisions.
Investors interested in this ETF may want to consider its performance metrics and management strategy, especially as market conditions evolve. As trading continues, the stability in the share price could present opportunities for those looking to diversify their portfolios.
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