Overlay Shares Hedged Large Cap Equity ETF (BATS:OVLH) Sees Large Drop in Short Interest

Overlay Shares Hedged Large Cap Equity ETF (BATS:OVLH) saw a large decline in short interest in August. As of August 31st, there was short interest totaling 8,588 shares, a decline of 38.7% from the August 15th total of 14,006 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average daily volume of 22,691 shares, the short-interest ratio is presently 0.4 days.

Overlay Shares Hedged Large Cap Equity ETF Stock Performance

Shares of BATS OVLH opened at $41.87 on Wednesday. The firm’s 50 day moving average price is $42.16 and its 200-day moving average price is $41.01. Overlay Shares Hedged Large Cap Equity ETF has a 52-week low of $37.33 and a 52-week high of $43.18. The company has a market cap of $118.07 million, a PE ratio of 25.97 and a beta of 0.73.

Institutional Investors Weigh In On Overlay Shares Hedged Large Cap Equity ETF

An institutional investor recently raised its position in Overlay Shares Hedged Large Cap Equity ETF stock. CoreCap Advisors LLC boosted its holdings in Overlay Shares Hedged Large Cap Equity ETF (BATS:OVLH) by 79.9% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,376 shares of the company’s stock after buying an additional 1,055 shares during the quarter. CoreCap Advisors LLC owned 0.09% of Overlay Shares Hedged Large Cap Equity ETF worth $99,000 at the end of the most recent quarter.

About Overlay Shares Hedged Large Cap Equity ETF

The Overlay Shares Hedged Large Cap Equity ETF (OVLH) is an exchange-traded fund that mostly invests in large cap equity. The fund is actively managed to provide exposure to the US large-cap space combined with an option overlay strategy, utilizing a put spread and long-term OTM put options. OVLH was launched on Jan 14, 2021 and is managed by Overlay Shares.