Overlay Shares Hedged Large Cap Equity ETF (NYSEARCA:OVLH) Trading Up 0.8% – Time to Buy?

Overlay Shares Hedged Large Cap Equity ETF (NYSEARCA:OVLHGet Free Report) shot up 0.8% on Wednesday . The company traded as high as $39.58 and last traded at $39.48. 45,899 shares were traded during trading, an increase of 222% from the average session volume of 14,246 shares. The stock had previously closed at $39.15.

Overlay Shares Hedged Large Cap Equity ETF Trading Up 0.8%

The stock has a market capitalization of $101.86 million, a PE ratio of 25.97 and a beta of 0.73. The firm’s fifty day moving average is $39.50 and its 200-day moving average is $38.73.

Overlay Shares Hedged Large Cap Equity ETF Company Profile

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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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