Overlay Shares Hedged Large Cap Equity ETF (NYSEARCA:OVLH) Trading 0.7% Higher – Time to Buy?

Overlay Shares Hedged Large Cap Equity ETF (NYSEARCA:OVLH)’s share price shot up 0.7% during trading on Thursday . The company traded as high as $37.15 and last traded at $37.15. 904 shares changed hands during trading, a decline of 96% from the average session volume of 24,405 shares. The stock had previously closed at $36.89.

Overlay Shares Hedged Large Cap Equity ETF Trading Up 0.7%

The firm has a 50-day moving average of $35.52 and a two-hundred day moving average of $34.50. The firm has a market capitalization of $66.87 million, a P/E ratio of 25.97 and a beta of 0.71.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Overlay Shares Hedged Large Cap Equity ETF stock. OLD Mission Capital LLC purchased a new stake in Overlay Shares Hedged Large Cap Equity ETF (NYSEARCA:OVLH) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor 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 filing with the Securities and Exchange Commission.

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.