Overlay Shares Large Cap Equity ETF (NYSEARCA:OVL) Trading Down 0.1% – Here’s What Happened

Overlay Shares Large Cap Equity ETF (NYSEARCA:OVL) fell 0.1% during trading on Wednesday . The company traded as low as $56.18 and last traded at $56.55. 115,241 shares changed hands during mid-day trading, an increase of 105% from the average session volume of 56,254 shares. The stock had previously closed at $56.61.

Overlay Shares Large Cap Equity ETF Stock Down 0.1%

The firm has a market capitalization of $305.37 million, a price-to-earnings ratio of 24.33 and a beta of 1.14. The firm’s 50 day moving average is $56.57 and its 200 day moving average is $54.25.

Institutional Investors Weigh In On Overlay Shares Large Cap Equity ETF

An institutional investor recently raised its position in Overlay Shares Large Cap Equity ETF stock. Janney Montgomery Scott LLC lifted its stake in shares of Overlay Shares Large Cap Equity ETF (NYSEARCA:OVL) by 5.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,921 shares of the company’s stock after acquiring an additional 1,969 shares during the quarter. Janney Montgomery Scott LLC owned 1.11% of Overlay Shares Large Cap Equity ETF worth $2,018,000 at the end of the most recent reporting period.

Overlay Shares Large Cap Equity ETF Company Profile

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.