Overlay Shares Hedged Large Cap Equity ETF (NYSEARCA:OVLH) Stock Price Down 1% – Here’s Why

Overlay Shares Hedged Large Cap Equity ETF (NYSEARCA:OVLH) were down 1% on Friday . The stock traded as low as $34.16 and last traded at $34.16. Approximately 161 shares changed hands during mid-day trading, a decline of 99% from the average daily volume of 31,649 shares. The stock had previously closed at $34.50.

Overlay Shares Hedged Large Cap Equity ETF Stock Down 0.9 %

The firm has a fifty day moving average of $33.84 and a 200-day moving average of $32.67. The stock has a market capitalization of $23.94 million, a price-to-earnings ratio of 23.85 and a beta of 0.78.

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.