Overlay Shares Hedged Large Cap Equity ETF (BATS:OVLH) Stock Price Cross Above 200 Day Moving Average – Here’s Why

Overlay Shares Hedged Large Cap Equity ETF (BATS:OVLH)’s share price passed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $41.06 and traded as high as $41.22. Overlay Shares Hedged Large Cap Equity ETF shares last traded at $41.08, with a volume of 2,089 shares.

Overlay Shares Hedged Large Cap Equity ETF Trading Up 0.1%

The firm has a market cap of $101.88 million, a PE ratio of 22.71 and a beta of 0.73. The stock has a 50 day simple moving average of $42.24 and a 200-day simple moving average of $41.06.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Overlay Shares Hedged Large Cap Equity ETF stock. CoreCap Advisors LLC lifted its position in shares of Overlay Shares Hedged Large Cap Equity ETF (BATS:OVLH) by 19.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,831 shares of the company’s stock after purchasing an additional 455 shares during the quarter. CoreCap Advisors LLC owned 0.10% of Overlay Shares Hedged Large Cap Equity ETF worth $119,000 as of its most recent SEC filing.

Overlay Shares Hedged Large Cap Equity ETF Company Profile

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.