Overlay Shares Hedged Large Cap Equity ETF (NYSEARCA:OVLH) Shares Up 0.5% – Here’s What Happened

Shares of Overlay Shares Hedged Large Cap Equity ETF (NYSEARCA:OVLH) were up 0.5% on Thursday . The company traded as high as $42.73 and last traded at $42.60. 7,258 shares changed hands during trading, a decline of 56% from the average daily volume of 16,589 shares. The stock had previously closed at $42.38.

Overlay Shares Hedged Large Cap Equity ETF Trading Up 0.5%

The business’s fifty day simple moving average is $41.98 and its 200 day simple moving average is $40.75. The stock has a market cap of $120.13 million, a price-to-earnings ratio of 25.97 and a beta of 0.73.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in Overlay Shares Hedged Large Cap Equity ETF stock. CoreCap Advisors LLC boosted its holdings 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 disclosure with the Securities and Exchange Commission. The institutional investor owned 2,376 shares of the company’s stock after acquiring an additional 1,055 shares during the period. CoreCap Advisors LLC owned approximately 0.09% of Overlay Shares Hedged Large Cap Equity ETF worth $99,000 as of its most recent filing with the Securities and Exchange Commission.

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.