Overlay Shares Hedged Large Cap Equity ETF (NYSEARCA:OVLH) Shares Up 0.5% – Time to Buy?

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

Overlay Shares Hedged Large Cap Equity ETF Stock Up 0.5%

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

Institutional Investors 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% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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.

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.