Overlay Shares Hedged Large Cap Equity ETF (NYSEARCA:OVLH) Shares Up 0.2% – Still a Buy?

Overlay Shares Hedged Large Cap Equity ETF (NYSEARCA:OVLH) shares shot up 0.2% during mid-day trading on Friday . The stock traded as high as $38.01 and last traded at $37.61. 10,946 shares changed hands during mid-day trading, a decline of 57% from the average session volume of 25,750 shares. The stock had previously closed at $37.52.

Overlay Shares Hedged Large Cap Equity ETF Trading Up 0.2%

The company has a market cap of $73.72 million, a PE ratio of 25.97 and a beta of 0.71. The firm’s fifty day moving average is $36.32 and its 200 day moving average is $34.80.

Institutional Investors Weigh In On Overlay Shares Hedged Large Cap Equity ETF

An institutional investor recently raised its position in Overlay Shares Hedged Large Cap Equity ETF stock. JPMorgan Chase & Co. raised its holdings in shares of Overlay Shares Hedged Large Cap Equity ETF (NYSEARCA:OVLH) by 245.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,830 shares of the company’s stock after buying an additional 19,063 shares during the quarter. JPMorgan Chase & Co. owned about 3.83% of Overlay Shares Hedged Large Cap Equity ETF worth $916,000 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.