Overlay Shares Large Cap Equity ETF (BATS:OVL) Sees Large Growth in Short Interest

Overlay Shares Large Cap Equity ETF (BATS:OVL) saw a large growth in short interest in October. As of October 15th, there was short interest totaling 228,070 shares, a growth of 140.9% from the September 30th total of 94,664 shares. Currently, 3.7% of the shares of the company are short sold. Based on an average trading volume of 208,055 shares, the days-to-cover ratio is presently 1.1 days.

Overlay Shares Large Cap Equity ETF Trading Down 2.2%

BATS OVL opened at $55.19 on Friday. Overlay Shares Large Cap Equity ETF has a 12 month low of $48.42 and a 12 month high of $58.91. The stock has a market cap of $342.73 million, a price-to-earnings ratio of 24.33 and a beta of 1.14. The company’s 50 day moving average is $56.97 and its two-hundred day moving average is $55.46.

Hedge Funds Weigh In On Overlay Shares Large Cap Equity ETF

An institutional investor recently bought a new position in Overlay Shares Large Cap Equity ETF stock. Tsfg LLC bought a new position in shares of Overlay Shares Large Cap Equity ETF (BATS:OVL) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 526 shares of the company’s stock, valued at approximately $30,000.

About Overlay Shares Large Cap Equity ETF

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.