Overlay Shares Hedged Large Cap Equity ETF (NYSEARCA:OVLH) Trading Down 0.5% – What’s Next?

Overlay Shares Hedged Large Cap Equity ETF (NYSEARCA:OVLH) traded down 0.5% during trading on Thursday . The stock traded as low as $41.85 and last traded at $41.87. Approximately 6,125 shares were traded during trading, a decline of 61% from the average daily volume of 15,557 shares. The stock had previously closed at $42.09.

Overlay Shares Hedged Large Cap Equity ETF Stock Performance

The firm’s 50-day moving average price is $41.79 and its two-hundred day moving average price is $40.23. The stock has a market cap of $116.01 million, a price-to-earnings ratio of 25.97 and a beta of 0.73.

Hedge Funds Weigh In On Overlay Shares Hedged Large Cap Equity ETF

A hedge fund recently raised its stake in Overlay Shares Hedged Large Cap Equity ETF stock. CoreCap Advisors LLC increased its position in shares of Overlay Shares Hedged Large Cap Equity ETF (NYSEARCA:OVLH) by 79.9% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,376 shares of the company’s stock after buying an additional 1,055 shares during the quarter. CoreCap Advisors LLC owned about 0.09% of Overlay Shares Hedged Large Cap Equity ETF worth $99,000 at the end of the most recent reporting period.

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.