Overlay Shares Large Cap Equity ETF (NYSEARCA:OVL) Shares Down 0.1% – Here’s Why

Shares of Overlay Shares Large Cap Equity ETF (NYSEARCA:OVL) traded down 0.1% on Wednesday . The stock traded as low as $56.30 and last traded at $56.49. Approximately 99,324 shares traded hands during trading, an increase of 59% from the average session volume of 62,370 shares. The stock had previously closed at $56.53.

Overlay Shares Large Cap Equity ETF Trading Down 0.1%

The firm has a fifty day moving average of $56.84 and a two-hundred day moving average of $54.59. The company has a market cap of $330.47 million, a PE ratio of 24.33 and a beta of 1.14.

Institutional Trading of Overlay Shares Large Cap Equity ETF

A hedge fund recently raised its stake in Overlay Shares Large Cap Equity ETF stock. Janney Montgomery Scott LLC lifted its position in shares of Overlay Shares Large Cap Equity ETF (NYSEARCA:OVL) by 5.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 37,921 shares of the company’s stock after buying an additional 1,969 shares during the period. Janney Montgomery Scott LLC owned about 1.11% of Overlay Shares Large Cap Equity ETF worth $2,018,000 as of its most recent SEC filing.

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.