Overlay Shares Hedged Large Cap Equity ETF (NYSEARCA:OVLH – Get Free Report) dropped 0.6% during mid-day trading on Wednesday . The stock traded as low as $42.25 and last traded at $42.25. Approximately 2,848 shares changed hands during trading, a decline of 83% from the average daily volume of 17,044 shares. The stock had previously closed at $42.49.
Overlay Shares Hedged Large Cap Equity ETF Stock Performance
The firm’s 50-day moving average price is $40.42 and its 200 day moving average price is $39.74. The company has a market cap of $103.88 million, a price-to-earnings ratio of 25.97 and a beta of 0.73.
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.
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