Overlay Shares Hedged Large Cap Equity ETF (BATS:OVLH) Shares Climb 0.2% – Still a Buy?

Overlay Shares Hedged Large Cap Equity ETF (BATS:OVLH)’s share price traded up 0.2% on Tuesday. The stock traded as high as $41.80 and last traded at $41.70. Approximately 8,292 shares traded hands during mid-day trading, a decline of 49% from the average session volume of 16,333 shares. The stock had previously closed at $41.63.

Overlay Shares Hedged Large Cap Equity ETF Stock Performance

The company has a market cap of $115.68 million, a P/E ratio of 25.97 and a beta of 0.73. The firm’s fifty day moving average is $42.27 and its two-hundred day moving average is $41.05.

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

A hedge fund recently raised its position in Overlay Shares Hedged Large Cap Equity ETF stock. CoreCap Advisors LLC increased its holdings in shares of Overlay Shares Hedged Large Cap Equity ETF (BATS:OVLH) by 19.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,831 shares of the company’s stock after purchasing an additional 455 shares during the quarter. CoreCap Advisors LLC owned approximately 0.10% of Overlay Shares Hedged Large Cap Equity ETF worth $119,000 at the end of the most recent reporting period.

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.