Overlay Shares Large Cap Equity ETF (BATS:OVL) Stock Price Up 0.5% – Time to Buy?

Overlay Shares Large Cap Equity ETF (BATS:OVL)’s share price shot up 0.5% during trading on Wednesday . The company traded as high as $56.96 and last traded at $56.79. 95,117 shares traded hands during mid-day trading, an increase of 14% from the average daily volume of 83,503 shares. The stock had previously closed at $56.52.

Overlay Shares Large Cap Equity ETF Stock Up 1.4%

The firm has a fifty day moving average price of $56.94 and a 200 day moving average price of $55.31. The company has a market cap of $357.57 million, a P/E ratio of 24.33 and a beta of 1.14.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Overlay Shares Large Cap Equity ETF stock. Tsfg LLC acquired a new position in shares of Overlay Shares Large Cap Equity ETF (BATS:OVL) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 526 shares of the company’s stock, valued at approximately $30,000.

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.