Overlay Shares Hedged Large Cap Equity ETF (BATS:OVLH) Stock Short Interest Falls 56.5%

Overlay Shares Hedged Large Cap Equity ETF (BATS:OVLH) was the target of a significant drop in short interest in September. As of September 30th, there was short interest totaling 5,068 shares, a drop of 56.5% from the September 15th total of 11,648 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average trading volume of 14,104 shares, the short-interest ratio is currently 0.4 days.

Institutional Trading of Overlay Shares Hedged Large Cap Equity ETF

A hedge fund recently raised its position in Overlay Shares Hedged Large Cap Equity ETF stock. CoreCap Advisors LLC increased its position in Overlay Shares Hedged Large Cap Equity ETF (BATS:OVLH) by 19.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,831 shares of the company’s stock after buying an additional 455 shares during the quarter. CoreCap Advisors LLC owned about 0.10% of Overlay Shares Hedged Large Cap Equity ETF worth $119,000 at the end of the most recent reporting period.

Overlay Shares Hedged Large Cap Equity ETF Price Performance

BATS OVLH opened at $42.77 on Wednesday. Overlay Shares Hedged Large Cap Equity ETF has a 12 month low of $37.33 and a 12 month high of $43.18. The firm has a market capitalization of $120.61 million, a PE ratio of 25.97 and a beta of 0.73. The company’s 50 day simple moving average is $42.45 and its 200 day simple moving average is $41.52.

About Overlay Shares Hedged Large Cap Equity ETF

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.