Overlay Shares Hedged Large Cap Equity ETF (BATS:OVLH) Shares Shorted: Short Interest Up 701.8% in October

Overlay Shares Hedged Large Cap Equity ETF (BATS:OVLH) saw a significant growth in short interest in October. As of October 30th, there was short interest totaling 32,712 shares, a growth of 701.8% from the October 15th total of 4,080 shares. Based on an average daily volume of 9,903 shares, the short-interest ratio is currently 3.3 days. Currently, 1.3% of the company’s stock are sold short.

Overlay Shares Hedged Large Cap Equity ETF Price Performance

OVLH opened at $41.49 on Wednesday. Overlay Shares Hedged Large Cap Equity ETF has a fifty-two week low of $37.33 and a fifty-two week high of $43.18. The company’s 50-day moving average is $42.20 and its 200 day moving average is $41.08. The firm has a market capitalization of $102.90 million, a P/E ratio of 22.71 and a beta of 0.73.

Institutional Trading of Overlay Shares Hedged Large Cap Equity ETF

An institutional investor 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% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,831 shares of the company’s stock after acquiring 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 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.