Overlay Shares Small Cap Equity ETF (BATS:OVS) Sees Large Growth in Short Interest

Overlay Shares Small Cap Equity ETF (BATS:OVS) was the recipient of a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 20,245 shares, a growth of 901.7% from the August 31st total of 2,021 shares. Based on an average daily volume of 18,523 shares, the short-interest ratio is presently 1.1 days. Currently, 2.4% of the company’s stock are sold short.

Overlay Shares Small Cap Equity ETF Price Performance

Shares of BATS:OVS traded up $0.20 during trading on Friday, reaching $39.28. 7,918 shares of the stock were exchanged, compared to its average volume of 8,266. Overlay Shares Small Cap Equity ETF has a 1-year low of $33.14 and a 1-year high of $43.03. The firm has a market cap of $33.00 million, a price-to-earnings ratio of 15.12 and a beta of 1.15. The stock has a fifty day moving average of $41.16 and a two-hundred day moving average of $40.11.

About Overlay Shares Small Cap Equity ETF

The Overlay Shares Small Cap Equity ETF (OVS) is an exchange-traded fund that is based on the S&P 600 index. The fund is actively managed to provide exposure to small cap U.S. equities combined with a put spread option overlay strategy. OVS was launched on Sep 30, 2019 and is managed by Overlay Shares.