Overlay Shares Large Cap Equity ETF (NYSEARCA:OVL) Trading Down 0.1% – Here’s What Happened

Overlay Shares Large Cap Equity ETF (NYSEARCA:OVL)’s share price dropped 0.1% during mid-day trading on Wednesday . The company traded as low as $56.18 and last traded at $56.55. 115,241 shares traded hands during trading, an increase of 105% from the average daily volume of 56,254 shares. The stock had previously closed at $56.61.

Overlay Shares Large Cap Equity ETF Trading Down 0.1%

The stock has a market cap of $305.37 million, a P/E ratio of 24.33 and a beta of 1.14. The firm’s 50-day simple moving average is $56.57 and its 200 day simple moving average is $54.25.

Hedge Funds Weigh In On Overlay Shares Large Cap Equity ETF

A hedge fund recently raised its stake in Overlay Shares Large Cap Equity ETF stock. Janney Montgomery Scott LLC grew its position in shares of Overlay Shares Large Cap Equity ETF (NYSEARCA:OVL) by 5.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 37,921 shares of the company’s stock after purchasing an additional 1,969 shares during the quarter. Janney Montgomery Scott LLC owned 1.11% of Overlay Shares Large Cap Equity ETF worth $2,018,000 as of its most recent filing with the SEC.

Overlay Shares Large Cap Equity ETF Company Profile

The Overlay Shares Large Cap Equity ETF (OVL) is an exchange-traded fund that is based on the S&P 500 index. The fund is actively managed to provide exposure to large cap U.S. equities combined with a put spread option overlay strategy. OVL was launched on Sep 30, 2019 and is managed by Overlay Shares.