Overlay Shares Hedged Large Cap Equity ETF (NYSEARCA:OVLH) Stock Price Down 0.9% – Here’s Why

Overlay Shares Hedged Large Cap Equity ETF (NYSEARCA:OVLH)’s share price traded down 0.9% during trading on Tuesday . The company traded as low as $33.13 and last traded at $33.17. 2,003 shares traded hands during mid-day trading, a decline of 90% from the average session volume of 19,146 shares. The stock had previously closed at $33.46.

Overlay Shares Hedged Large Cap Equity ETF Price Performance

The stock’s 50-day simple moving average is $34.27 and its two-hundred day simple moving average is $34.17. The firm has a market cap of $37.01 million, a P/E ratio of 25.98 and a beta of 0.75.

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. JPMorgan Chase & Co. lifted its stake in Overlay Shares Hedged Large Cap Equity ETF (NYSEARCA:OVLH) by 245.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,830 shares of the company’s stock after acquiring an additional 19,063 shares during the period. JPMorgan Chase & Co. owned 3.83% of Overlay Shares Hedged Large Cap Equity ETF worth $916,000 at the end of the most recent quarter.

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.