Optimize AI Smart Sentiment Event-Driven ETF
OAIE
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- Optimize AI Smart Sentiment Event-Driven ETF (OAIE) is an actively managed exchange-traded fund that employs proprietary artificial intelligence-driven "Smart Sentiment" technology to select and invest in 10 to 40 large-cap U.S.-listed equity securities exhibiting attractive upcoming event opportunities, particularly those with weekly options activity; the fund monitors options analytics, market sentiment, and prediction errors based on over a decade of research to optimize event-driven strategies in a long-only portfolio. Launched on June 15, 2022, OAIE operates within the alternatives segment focusing on hedge fund-style event-driven and long/short tactics, with primary exposure to U.S. large-cap stocks across sectors such as healthcare, technology, industrials, energy, and consumer cyclical; it maintains a net expense ratio of 1.03% and is domiciled in the United States, trading on U.S. exchanges with assets under management recently reported at approximately $562,620. The ETF is managed by Optimize Advisors LLC, a Delaware-based SEC-registered investment adviser established in May 2020 and principally owned by Tradelegs LLC, with key portfolio managers Michael Khouw and Andrew DeFeo overseeing operations from a base in New York, NY. In a significant operational change, Series Portfolios Trust - Optimize AI Smart Sentiment Event-Driven ETF ceased operations and went out of business as of February 27, 2024, marking the ETF's liquidation amid a broader trend of underperformance in certain AI-powered ETFs; no recent partnerships, acquisitions, funding rounds, or new product launches involving OAIE or Optimize Advisors were identified within the last 1-2 years. Prior to closure, top holdings included names like First American Government Obligations (18.64%), Chevron Corp., Automatic Data Processing Inc., McDonald's Corp., and Apple Inc., representing about 48.52% of the portfolio, with 81% allocated to U.S. stocks and 19% to cash. The fund targeted investors seeking exposure to sentiment- and event-driven equity opportunities through advanced options AI, without reliance on leverage or covered call overlays.