Overlay Shares Large Cap Equity ETF (NYSEARCA:OVL) Shares Up 2.1% – Here’s Why

Overlay Shares Large Cap Equity ETF (NYSEARCA:OVL) traded up 2.1% during trading on Monday . The company traded as high as $52.17 and last traded at $52.04. 195,280 shares changed hands during mid-day trading, an increase of 343% from the average session volume of 44,099 shares. The stock had previously closed at $50.99.

Overlay Shares Large Cap Equity ETF Stock Performance

The stock has a market capitalization of $176.94 million, a price-to-earnings ratio of 24.33 and a beta of 1.15. The business has a fifty day simple moving average of $52.30 and a 200 day simple moving average of $49.71.

Hedge Funds Weigh In On Overlay Shares Large Cap Equity ETF

A number of hedge funds have recently bought and sold shares of the business. OLD Mission Capital LLC bought a new stake in Overlay Shares Large Cap Equity ETF in the 1st quarter valued at about $402,000. Nicolet Bankshares Inc. bought a new position in shares of Overlay Shares Large Cap Equity ETF during the second quarter worth approximately $214,000. Finally, CoreCap Advisors LLC acquired a new stake in shares of Overlay Shares Large Cap Equity ETF in the third quarter valued at approximately $57,000.

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.