Overlay Shares Large Cap Equity ETF (NYSEARCA:OVL) Shares Down 0.1%

Overlay Shares Large Cap Equity ETF (NYSEARCA:OVL) were down 0.1% during trading on Wednesday . The stock traded as low as $45.17 and last traded at $45.17. Approximately 46,531 shares changed hands during mid-day trading, a decline of 3% from the average daily volume of 48,149 shares. The stock had previously closed at $45.22.

Overlay Shares Large Cap Equity ETF Stock Down 0.1 %

The stock’s fifty day simple moving average is $44.12 and its 200-day simple moving average is $42.88. The company has a market capitalization of $171.64 million, a PE ratio of 25.46 and a beta of 1.18.

Hedge Funds Weigh In On Overlay Shares Large Cap Equity ETF

A hedge fund recently raised its stake in Overlay Shares Large Cap Equity ETF stock. NBC Securities Inc. increased its position in shares of Overlay Shares Large Cap Equity ETF (NYSEARCA:OVL) by 16.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 16,555 shares of the company’s stock after acquiring an additional 2,378 shares during the quarter. NBC Securities Inc. owned approximately 0.39% of Overlay Shares Large Cap Equity ETF worth $715,000 as of its most recent filing with the SEC.

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.