Overlay Shares Large Cap Equity ETF (NYSEARCA:OVL) Shares Down 0.1% – Time to Sell?

Overlay Shares Large Cap Equity ETF (NYSEARCA:OVL) shares were down 0.1% during trading on Wednesday . The company traded as low as $56.30 and last traded at $56.49. 99,324 shares changed hands during trading, an increase of 59% from the average daily volume of 62,370 shares. The stock had previously closed at $56.53.

Overlay Shares Large Cap Equity ETF Price Performance

The company has a market capitalization of $336.62 million, a PE ratio of 24.33 and a beta of 1.14. The firm’s fifty day simple moving average is $56.80 and its 200 day simple moving average is $54.60.

Hedge Funds Weigh In On Overlay Shares Large Cap Equity ETF

A hedge fund recently raised its position in Overlay Shares Large Cap Equity ETF stock. Janney Montgomery Scott LLC lifted its stake in shares of Overlay Shares Large Cap Equity ETF (NYSEARCA:OVL) by 5.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 37,921 shares of the company’s stock after purchasing an additional 1,969 shares during the period. Janney Montgomery Scott LLC owned 1.11% of Overlay Shares Large Cap Equity ETF worth $2,018,000 as of its most recent SEC filing.

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.