Overlay Shares Hedged Large Cap Equity ETF (NYSEARCA:OVLH) Trading Up 0.2% – Should You Buy?

Overlay Shares Hedged Large Cap Equity ETF (NYSEARCA:OVLHGet Free Report) were up 0.2% on Wednesday . The stock traded as high as $39.16 and last traded at $39.07. Approximately 16,334 shares traded hands during trading, a decline of 22% from the average daily volume of 20,895 shares. The stock had previously closed at $39.00.

Overlay Shares Hedged Large Cap Equity ETF Stock Up 0.2%

The company has a market cap of $76.58 million, a price-to-earnings ratio of 25.97 and a beta of 0.71. The company’s fifty day moving average price is $38.03 and its two-hundred day moving average price is $36.03.

About Overlay Shares Hedged Large Cap Equity ETF

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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.

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