Overlay Shares Large Cap Equity ETF (NYSEARCA:OVL) Shares Down 1.5% – Here’s What Happened

Overlay Shares Large Cap Equity ETF (NYSEARCA:OVL)’s share price were down 1.5% on Tuesday . The stock traded as low as $43.89 and last traded at $43.97. Approximately 11,347 shares traded hands during mid-day trading, a decline of 77% from the average daily volume of 50,032 shares. The stock had previously closed at $44.63.

Overlay Shares Large Cap Equity ETF Trading Down 0.4 %

The firm has a market cap of $164.91 million, a price-to-earnings ratio of 25.51 and a beta of 1.14. The stock’s fifty day moving average price is $47.04 and its 200-day moving average price is $46.87.

Hedge Funds Weigh In On Overlay Shares Large Cap Equity ETF

A hedge fund recently raised its stake in Overlay Shares Large Cap Equity ETF stock. Fiduciary Alliance LLC lifted its stake in Overlay Shares Large Cap Equity ETF (NYSEARCA:OVL) by 49.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 7,811 shares of the company’s stock after acquiring an additional 2,594 shares during the quarter. Fiduciary Alliance LLC owned 0.21% of Overlay Shares Large Cap Equity ETF worth $364,000 at the end of the most recent reporting period.

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.