Overlay Shares Hedged Large Cap Equity ETF (NYSEARCA:OVLH) Trading Down 0.7% – Here’s Why

Shares of Overlay Shares Hedged Large Cap Equity ETF (NYSEARCA:OVLHGet Free Report) were down 0.7% during trading on Monday . The stock traded as low as $34.14 and last traded at $34.26. Approximately 1,226 shares were traded during mid-day trading, a decline of 96% from the average daily volume of 29,816 shares. The stock had previously closed at $34.51.

Overlay Shares Hedged Large Cap Equity ETF Stock Performance

The stock has a market cap of $23.89 million, a PE ratio of 23.85 and a beta of 0.78. The business has a 50 day moving average price of $34.55 and a two-hundred day moving average price of $33.47.

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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