Overlay Shares Hedged Large Cap Equity ETF (BATS:OVLH) Stock Short Interest Climbs 701.8%

Overlay Shares Hedged Large Cap Equity ETF (BATS:OVLH) was the target of a large increase in short interest during the month of October. As of October 30th, there was short interest totaling 32,712 shares, an increase of 701.8% from the October 15th total of 4,080 shares. Currently, 1.3% of the shares of the company are short sold. Based on an average daily volume of 9,903 shares, the short-interest ratio is presently 3.3 days.

Overlay Shares Hedged Large Cap Equity ETF Trading Down 0.2%

BATS OVLH opened at $41.76 on Friday. The company has a market cap of $103.56 million, a price-to-earnings ratio of 22.71 and a beta of 0.73. The company has a 50 day moving average of $42.19 and a 200-day moving average of $41.10. Overlay Shares Hedged Large Cap Equity ETF has a 1-year low of $37.33 and a 1-year high of $43.18.

Institutional Trading of Overlay Shares Hedged Large Cap Equity ETF

A hedge fund recently raised its stake in Overlay Shares Hedged Large Cap Equity ETF stock. CoreCap Advisors LLC lifted its position in shares of Overlay Shares Hedged Large Cap Equity ETF (BATS:OVLH) by 79.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,376 shares of the company’s stock after acquiring 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 at the end of the most recent reporting period.

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.