Overlay Shares Large Cap Equity ETF (NYSEARCA:OVL) Stock Price Up 0.7% – Here’s Why

Overlay Shares Large Cap Equity ETF (NYSEARCA:OVL)’s stock price rose 0.7% on Wednesday . The stock traded as high as $49.02 and last traded at $49.02. Approximately 23,164 shares changed hands during trading, a decline of 55% from the average daily volume of 51,156 shares. The stock had previously closed at $48.68.

Overlay Shares Large Cap Equity ETF Trading Up 0.7 %

The stock has a market capitalization of $186.28 million, a P/E ratio of 25.46 and a beta of 1.18. The company has a fifty day simple moving average of $47.00 and a two-hundred day simple moving average of $45.04.

Overlay Shares Large Cap Equity ETF Increases Dividend

The business also recently declared a dividend, which was paid on Friday, October 4th. Stockholders of record on Thursday, October 3rd were paid a $0.3758 dividend. The ex-dividend date was Thursday, October 3rd. This is a boost from Overlay Shares Large Cap Equity ETF’s previous dividend of $0.32.

Institutional Trading of Overlay Shares Large Cap Equity ETF

A hedge fund recently bought a new stake in Overlay Shares Large Cap Equity ETF stock. Fiduciary Alliance LLC acquired a new stake in Overlay Shares Large Cap Equity ETF (NYSEARCA:OVL) in the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 5,217 shares of the company’s stock, valued at approximately $242,000. Fiduciary Alliance LLC owned 0.14% of Overlay Shares Large Cap Equity ETF 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.