Overlay Shares Large Cap Equity ETF (NYSEARCA:OVL) Trading Down 1.5% – What’s Next?

Overlay Shares Large Cap Equity ETF (NYSEARCA:OVL) shares were down 1.5% during trading on Tuesday . The stock traded as low as $43.89 and last traded at $43.97. Approximately 11,347 shares changed hands during trading, a decline of 77% from the average daily volume of 50,032 shares. The stock had previously closed at $44.63.

Overlay Shares Large Cap Equity ETF Trading Down 1.5 %

The company has a 50 day simple moving average of $47.09 and a 200 day simple moving average of $46.89. The stock has a market capitalization of $163.13 million, a PE ratio of 25.51 and a beta of 1.14.

Hedge Funds Weigh In On Overlay Shares Large Cap Equity ETF

An institutional investor recently raised its position in Overlay Shares Large Cap Equity ETF stock. Fiduciary Alliance LLC grew its holdings in shares of Overlay Shares Large Cap Equity ETF (NYSEARCA:OVL) by 49.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,811 shares of the company’s stock after purchasing an additional 2,594 shares during the period. Fiduciary Alliance LLC owned approximately 0.21% of Overlay Shares Large Cap Equity ETF worth $364,000 at the end of the most recent reporting period.

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.