Overlay Shares Hedged Large Cap Equity ETF (NYSEARCA:OVLH) Shares Up 0.5% – Still a Buy?

Shares of Overlay Shares Hedged Large Cap Equity ETF (NYSEARCA:OVLH) rose 0.5% during trading on Tuesday . The stock traded as high as $34.69 and last traded at $34.65. Approximately 17,334 shares were traded during trading, a decline of 51% from the average daily volume of 35,586 shares. The stock had previously closed at $34.49.

Overlay Shares Hedged Large Cap Equity ETF Trading Up 0.5 %

The business’s fifty day simple moving average is $34.59 and its 200 day simple moving average is $33.68. The stock has a market cap of $24.26 million, a price-to-earnings ratio of 23.85 and a beta of 0.78.

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.