Overlay Shares Large Cap Equity ETF (BATS:OVL) Stock Price Up 0.5% – Still a Buy?

Overlay Shares Large Cap Equity ETF (BATS:OVL)’s stock price were up 0.5% on Wednesday . The company traded as high as $56.96 and last traded at $56.79. 95,117 shares traded hands during mid-day trading, an increase of 14% from the average session volume of 83,503 shares. The stock had previously closed at $56.52.

Overlay Shares Large Cap Equity ETF Price Performance

The firm has a market capitalization of $352.67 million, a PE ratio of 24.33 and a beta of 1.14. The stock has a 50-day moving average price of $56.90 and a 200-day moving average price of $55.27.

Institutional Investors Weigh In On Overlay Shares Large Cap Equity ETF

A hedge fund recently raised its position in Overlay Shares Large Cap Equity ETF stock. Janney Montgomery Scott LLC raised its holdings in Overlay Shares Large Cap Equity ETF (BATS:OVL) by 5.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 37,921 shares of the company’s stock after purchasing an additional 1,969 shares during the period. Janney Montgomery Scott LLC owned about 1.11% of Overlay Shares Large Cap Equity ETF worth $2,018,000 as of its most recent SEC filing.

About Overlay Shares Large Cap Equity ETF

The Overlay Shares Large Cap Equity ETF (OVL) is an exchange-traded fund that is based on the S&P 500 index. The fund is actively managed to provide exposure to large cap U.S. equities combined with a put spread option overlay strategy. OVL was launched on Sep 30, 2019 and is managed by Overlay Shares.