Overlay Shares Short Term Bond ETF (NYSEARCA:OVT) Stock Price Down 0.3% – Here’s Why

Overlay Shares Short Term Bond ETF (NYSEARCA:OVT)’s stock price were down 0.3% during mid-day trading on Friday . The company traded as low as $22.19 and last traded at $22.19. Approximately 1,951 shares changed hands during trading, a decline of 96% from the average daily volume of 48,699 shares. The stock had previously closed at $22.26.

Overlay Shares Short Term Bond ETF Trading Down 0.3 %

The firm’s fifty day moving average price is $22.48 and its two-hundred day moving average price is $22.25.

Overlay Shares Short Term Bond ETF Increases Dividend

The company also recently announced a dividend, which was paid on Friday, October 4th. Shareholders of record on Thursday, October 3rd were given a $0.3616 dividend. This is a boost from Overlay Shares Short Term Bond ETF’s previous dividend of $0.27. The ex-dividend date of this dividend was Thursday, October 3rd.

About Overlay Shares Short Term Bond ETF

The Overlay Shares Short Term Bond ETF (OVT) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is actively managed to provide exposure to US short-term, investment grade bonds combined with a US large cap put spread strategy. OVT was launched on Jan 14, 2021 and is managed by Overlay Shares.