Overlay Shares Hedged Large Cap Equity ETF (NYSEARCA:OVLH) Trading Down 0.3% – Should You Sell?

Overlay Shares Hedged Large Cap Equity ETF (NYSEARCA:OVLH) traded down 0.3% during mid-day trading on Monday . The company traded as low as $34.36 and last traded at $34.36. 417 shares were traded during mid-day trading, a decline of 97% from the average session volume of 15,426 shares. The stock had previously closed at $34.48.

Overlay Shares Hedged Large Cap Equity ETF Stock Down 0.3 %

The company’s 50-day simple moving average is $34.55 and its 200 day simple moving average is $34.07. The stock has a market capitalization of $26.11 million, a price-to-earnings ratio of 27.46 and a beta of 0.75.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Overlay Shares Hedged Large Cap Equity ETF stock. JPMorgan Chase & Co. grew its holdings in Overlay Shares Hedged Large Cap Equity ETF (NYSEARCA:OVLH) by 245.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,830 shares of the company’s stock after acquiring an additional 19,063 shares during the quarter. JPMorgan Chase & Co. owned 3.83% of Overlay Shares Hedged Large Cap Equity ETF worth $916,000 as of its most recent filing with the Securities and Exchange Commission.

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.