Overlay Shares Large Cap Equity ETF (BATS:OVL) Shares Down 0.9% – Here’s Why

Overlay Shares Large Cap Equity ETF (BATS:OVL)’s share price fell 0.9% during mid-day trading on Wednesday. The company traded as low as $57.21 and last traded at $57.35. 191,015 shares traded hands during mid-day trading, an increase of 109% from the average session volume of 91,591 shares. The stock had previously closed at $57.87.

Overlay Shares Large Cap Equity ETF Price Performance

The stock has a market cap of $358.75 million, a P/E ratio of 24.33 and a beta of 1.14. The business’s fifty day moving average price is $57.02 and its 200 day moving average price is $55.71.

Hedge Funds Weigh In On Overlay Shares Large Cap Equity ETF

An institutional investor recently bought a new position in Overlay Shares Large Cap Equity ETF stock. Tsfg LLC bought a new position in shares of Overlay Shares Large Cap Equity ETF (BATS:OVL) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. 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.