Overlay Shares Large Cap Equity ETF (BATS:OVL) Sees Large Increase in Short Interest

Overlay Shares Large Cap Equity ETF (BATS:OVL) was the recipient of a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 228,070 shares, an increase of 140.9% from the September 30th total of 94,664 shares. Based on an average daily volume of 208,055 shares, the days-to-cover ratio is presently 1.1 days. Approximately 3.7% of the company’s shares are sold short.

Overlay Shares Large Cap Equity ETF Stock Performance

Shares of BATS OVL opened at $55.19 on Friday. The company’s 50 day moving average price is $56.97 and its 200-day moving average price is $55.46. Overlay Shares Large Cap Equity ETF has a 52-week low of $48.42 and a 52-week high of $58.91. The company has a market capitalization of $342.73 million, a P/E ratio of 24.33 and a beta of 1.14.

Hedge Funds Weigh In On Overlay Shares Large Cap Equity ETF

A hedge fund recently bought a new stake in Overlay Shares Large Cap Equity ETF stock. Tsfg LLC bought a new stake in Overlay Shares Large Cap Equity ETF (BATS:OVL) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 526 shares of the company’s stock, valued at approximately $30,000.

About Overlay Shares Large Cap Equity ETF

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.