Overlay Shares Hedged Large Cap Equity ETF (NYSEARCA:OVLH) Trading Down 1% – Time to Sell?

Shares of Overlay Shares Hedged Large Cap Equity ETF (NYSEARCA:OVLHGet Free Report) fell 1% during trading on Friday . The stock traded as low as $34.16 and last traded at $34.16. 161 shares traded hands during trading, a decline of 99% from the average session volume of 31,649 shares. The stock had previously closed at $34.50.

Overlay Shares Hedged Large Cap Equity ETF Trading Down 1.0 %

The stock’s 50 day moving average is $33.84 and its 200 day moving average is $32.65. The firm has a market cap of $23.91 million, a price-to-earnings ratio of 23.85 and a beta of 0.78.

About Overlay Shares Hedged Large Cap Equity ETF

(Get Free Report)

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.

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