Overlay Shares Large Cap Equity ETF (NYSEARCA:OVL) Shares Down 0.8% – Here’s Why

Overlay Shares Large Cap Equity ETF (NYSEARCA:OVL)’s share price dropped 0.8% on Monday . The stock traded as low as $47.46 and last traded at $47.46. Approximately 2,028 shares changed hands during mid-day trading, a decline of 95% from the average daily volume of 38,392 shares. The stock had previously closed at $47.85.

Overlay Shares Large Cap Equity ETF Price Performance

The firm has a market cap of $216.89 million, a price-to-earnings ratio of 27.85 and a beta of 1.13. The company has a fifty day moving average price of $47.72 and a two-hundred day moving average price of $46.80.

Institutional Investors Weigh In On Overlay Shares Large Cap Equity ETF

An institutional investor recently raised its position in Overlay Shares Large Cap Equity ETF stock. Fiduciary Alliance LLC boosted its holdings in shares of Overlay Shares Large Cap Equity ETF (NYSEARCA:OVL) by 49.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,811 shares of the company’s stock after buying an additional 2,594 shares during the period. Fiduciary Alliance LLC owned approximately 0.21% of Overlay Shares Large Cap Equity ETF worth $364,000 as of its most recent filing with the Securities and Exchange Commission.

Overlay Shares Large Cap Equity ETF Company Profile

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.