Overlay Shares Hedged Large Cap Equity ETF (BATS:OVLH) Stock Price Break Above 200-Day Moving Average – Here’s Why

Overlay Shares Hedged Large Cap Equity ETF (BATS:OVLH)’s share price passed above its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of $41.06 and traded as high as $41.22. Overlay Shares Hedged Large Cap Equity ETF shares last traded at $41.08, with a volume of 2,089 shares traded.

Overlay Shares Hedged Large Cap Equity ETF Stock Performance

The stock’s 50-day moving average is $42.24 and its two-hundred day moving average is $41.06. The stock has a market cap of $115.85 million, a PE ratio of 25.97 and a beta of 0.73.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Overlay Shares Hedged Large Cap Equity ETF stock. CoreCap Advisors LLC increased its stake in Overlay Shares Hedged Large Cap Equity ETF (BATS:OVLH) by 79.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,376 shares of the company’s stock after buying an additional 1,055 shares during the quarter. CoreCap Advisors LLC owned approximately 0.09% of Overlay Shares Hedged Large Cap Equity ETF worth $99,000 as of its most recent SEC filing.

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.