Overlay Shares Large Cap Equity ETF (BATS:OVL) Stock Falls 1.5% – What’s Next?

Overlay Shares Large Cap Equity ETF (BATS:OVL – Get Free Report)’s share price dropped 1.5% on Wednesday. The company traded as low as $56.60 and last traded at $56.87. Approximately 305,118 shares traded hands during trading, an increase of 200% from the average session volume of 101,779 shares. The stock had previously closed at $57.76.

Overlay Shares Large Cap Equity ETF Stock Down 1.5%

The company’s fifty day moving average is $57.31 and its 200-day moving average is $56.28. The company has a market cap of $353.16 million, a PE ratio of 24.33 and a beta of 1.14.

Institutional Investors Weigh In On Overlay Shares Large Cap Equity ETF

A hedge fund recently bought a new stake in Overlay Shares Large Cap Equity ETF stock. Tsfg LLC purchased a new stake in shares of Overlay Shares Large Cap Equity ETF (BATS:OVL – Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 526 shares of the company’s stock, valued at approximately $30,000.

About Overlay Shares Large Cap Equity ETF

(Get Free Report)

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.

Further Reading

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