Overlay Shares Hedged Large Cap Equity ETF (NYSEARCA:OVLH) Trading Down 0.3% – Here’s What Happened

Overlay Shares Hedged Large Cap Equity ETF (NYSEARCA:OVLH)’s stock price traded down 0.3% during mid-day trading on Monday . The stock traded as low as $34.36 and last traded at $34.36. 417 shares were traded during trading, a decline of 97% from the average session volume of 15,426 shares. The stock had previously closed at $34.48.

Overlay Shares Hedged Large Cap Equity ETF Stock Performance

The stock has a 50-day simple moving average of $34.55 and a 200 day simple moving average of $34.07. The stock has a market capitalization of $26.11 million, a P/E ratio of 27.46 and a beta of 0.75.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Overlay Shares Hedged Large Cap Equity ETF stock. OLD Mission Capital LLC purchased a new position in Overlay Shares Hedged Large Cap Equity ETF (NYSEARCA:OVLH) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 12,524 shares of the company’s stock, valued at approximately $427,000. OLD Mission Capital LLC owned about 1.79% of Overlay Shares Hedged Large Cap Equity ETF as of its most recent SEC filing.

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.