Overlay Shares Hedged Large Cap Equity ETF (NYSEARCA:OVLH) Shares Down 1.1% – Here’s Why

Overlay Shares Hedged Large Cap Equity ETF (NYSEARCA:OVLHGet Free Report)’s share price dropped 1.1% during mid-day trading on Thursday . The company traded as low as $39.25 and last traded at $39.25. Approximately 23,499 shares changed hands during trading, an increase of 19% from the average daily volume of 19,783 shares. The stock had previously closed at $39.70.

Overlay Shares Hedged Large Cap Equity ETF Stock Down 1.1%

The firm has a market capitalization of $103.23 million, a P/E ratio of 25.97 and a beta of 0.73. The company’s 50 day moving average is $39.61 and its 200-day moving average is $39.00.

About Overlay Shares Hedged Large Cap Equity ETF

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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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