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

Overlay Shares Large Cap Equity ETF (NYSEARCA:OVL) traded down 0.1% during mid-day trading on Wednesday . The stock traded as low as $56.30 and last traded at $56.49. Approximately 99,324 shares were traded 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 Price Performance

The stock has a market cap of $330.47 million, a PE ratio of 24.33 and a beta of 1.14. The business has a 50 day moving average price of $56.84 and a two-hundred day moving average price of $54.59.

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. Janney Montgomery Scott LLC boosted its holdings in shares of Overlay Shares Large Cap Equity ETF (NYSEARCA:OVL) by 5.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,921 shares of the company’s stock after acquiring an additional 1,969 shares during the period. Janney Montgomery Scott LLC owned 1.11% of Overlay Shares Large Cap Equity ETF worth $2,018,000 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.