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

Shares of Overlay Shares Hedged Large Cap Equity ETF (NYSEARCA:OVLH) dropped 0.9% on Friday . The company traded as low as $37.45 and last traded at $37.46. Approximately 5,070 shares were traded during mid-day trading, a decline of 72% from the average daily volume of 18,272 shares. The stock had previously closed at $37.79.

Overlay Shares Hedged Large Cap Equity ETF Stock Down 0.9%

The stock has a market capitalization of $98.52 million, a price-to-earnings ratio of 25.97 and a beta of 0.73. The company has a 50 day simple moving average of $39.16 and a 200-day simple moving average of $39.25.

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.