Overlay Shares Hedged Large Cap Equity ETF (BATS:OVLH) Sees Significant Decrease in Short Interest

Overlay Shares Hedged Large Cap Equity ETF (BATS:OVLH) was the recipient of a significant decline in short interest in September. As of September 30th, there was short interest totaling 5,068 shares, a decline of 56.5% from the September 15th total of 11,648 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average trading volume of 14,104 shares, the days-to-cover ratio is currently 0.4 days.

Hedge Funds Weigh In On Overlay Shares Hedged Large Cap Equity ETF

A hedge fund recently raised its position in Overlay Shares Hedged Large Cap Equity ETF stock. CoreCap Advisors LLC boosted its stake in Overlay Shares Hedged Large Cap Equity ETF (BATS:OVLH) by 19.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,831 shares of the company’s stock after purchasing an additional 455 shares during the period. CoreCap Advisors LLC owned about 0.10% of Overlay Shares Hedged Large Cap Equity ETF worth $119,000 at the end of the most recent quarter.

Overlay Shares Hedged Large Cap Equity ETF Trading Down 1.4%

OVLH stock opened at $42.19 on Thursday. The stock has a market capitalization of $118.98 million, a P/E ratio of 25.97 and a beta of 0.73. Overlay Shares Hedged Large Cap Equity ETF has a 12 month low of $37.33 and a 12 month high of $43.18. The firm has a 50-day moving average price of $42.44 and a 200-day moving average price of $41.55.

Overlay Shares Hedged Large Cap Equity ETF Company Profile

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.