Overlay Shares Large Cap Equity ETF (NYSEARCA:OVL) Stock Price Up 0.3% – Here’s What Happened

Shares of Overlay Shares Large Cap Equity ETF (NYSEARCA:OVL) shot up 0.3% on Monday . The company traded as high as $46.24 and last traded at $46.24. 16,859 shares were traded during trading, a decline of 68% from the average session volume of 52,555 shares. The stock had previously closed at $46.11.

Overlay Shares Large Cap Equity ETF Price Performance

The firm has a market cap of $196.98 million, a P/E ratio of 24.94 and a beta of 1.16. The stock’s 50-day simple moving average is $42.92 and its two-hundred day simple moving average is $45.94.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. NBC Securities Inc. grew its holdings in shares of Overlay Shares Large Cap Equity ETF by 102,138.5% in the first quarter. NBC Securities Inc. now owns 13,291 shares of the company’s stock worth $582,000 after purchasing an additional 13,278 shares during the last quarter. OLD Mission Capital LLC bought a new position in shares of Overlay Shares Large Cap Equity ETF in the first quarter worth about $402,000. Finally, Fiduciary Alliance LLC grew its holdings in shares of Overlay Shares Large Cap Equity ETF by 7.5% in the first quarter. Fiduciary Alliance LLC now owns 8,394 shares of the company’s stock worth $368,000 after purchasing an additional 583 shares during the last quarter.

About Overlay Shares Large Cap Equity ETF

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.