Overlay Shares Short Term Bond ETF (NYSEARCA:OVT) Stock Price Down 0.3% – Should You Sell?

Overlay Shares Short Term Bond ETF (NYSEARCA:OVT)’s stock price dropped 0.3% during trading on Friday . The company traded as low as $22.19 and last traded at $22.19. Approximately 1,951 shares traded hands during mid-day trading, a decline of 96% from the average daily volume of 48,699 shares. The stock had previously closed at $22.26.

Overlay Shares Short Term Bond ETF Stock Down 0.3 %

The business’s fifty day moving average price is $22.48 and its two-hundred day moving average price is $22.25.

Overlay Shares Short Term Bond ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, October 4th. Shareholders of record on Thursday, October 3rd were given a dividend of $0.3616 per share. The ex-dividend date of this dividend was Thursday, October 3rd. This is an increase from Overlay Shares Short Term Bond ETF’s previous dividend of $0.27.

Overlay Shares Short Term Bond ETF Company Profile

The Overlay Shares Short Term Bond ETF (OVT) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is actively managed to provide exposure to US short-term, investment grade bonds combined with a US large cap put spread strategy. OVT was launched on Jan 14, 2021 and is managed by Overlay Shares.