Overlay Shares Hedged Large Cap Equity ETF (NYSEARCA:OVLH) Shares Down 0.3% – Should You Sell?

Overlay Shares Hedged Large Cap Equity ETF (NYSEARCA:OVLH)’s stock price fell 0.3% during trading on Thursday . The stock traded as low as $42.60 and last traded at $42.62. 34,733 shares traded hands during mid-day trading, an increase of 108% from the average daily volume of 16,723 shares. The stock had previously closed at $42.74.

Overlay Shares Hedged Large Cap Equity ETF Stock Up 0.5%

The business has a 50-day moving average price of $41.77 and a two-hundred day moving average price of $40.45. The firm has a market cap of $120.78 million, a PE ratio of 25.97 and a beta of 0.73.

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

A hedge fund recently raised its stake in Overlay Shares Hedged Large Cap Equity ETF stock. CoreCap Advisors LLC grew its position in 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 & 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 about 0.09% of Overlay Shares Hedged Large Cap Equity ETF worth $99,000 at the end of the most recent quarter.

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.