Overlay Shares Hedged Large Cap Equity ETF (NYSEARCA:OVLH) Stock Price Down 0.9% – Should You Sell?

Shares of Overlay Shares Hedged Large Cap Equity ETF (NYSEARCA:OVLH) fell 0.9% during mid-day trading on Tuesday . The stock traded as low as $33.13 and last traded at $33.17. 2,003 shares were traded during trading, a decline of 90% from the average session volume of 19,146 shares. The stock had previously closed at $33.46.

Overlay Shares Hedged Large Cap Equity ETF Stock Down 0.9 %

The stock has a market capitalization of $36.82 million, a P/E ratio of 25.98 and a beta of 0.75. The company has a 50 day moving average of $34.28 and a 200-day moving average of $34.18.

Hedge Funds Weigh In On Overlay Shares Hedged Large Cap Equity ETF

An institutional investor recently bought a new position 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 the company in its most recent Form 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 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.