Overlay Shares Large Cap Equity ETF (BATS:OVL) Stock Cross Below 200 Day Moving Average – Here’s What Happened

Overlay Shares Large Cap Equity ETF (BATS:OVL) crossed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $55.46 and traded as low as $54.71. Overlay Shares Large Cap Equity ETF shares last traded at $55.19, with a volume of 430,807 shares.

Overlay Shares Large Cap Equity ETF Stock Performance

The stock has a market cap of $342.73 million, a P/E ratio of 24.33 and a beta of 1.14. The firm has a 50 day moving average of $56.97 and a two-hundred day moving average of $55.46.

Institutional Investors Weigh In On Overlay Shares Large Cap Equity ETF

An institutional investor recently bought a new position in Overlay Shares Large Cap Equity ETF stock. Tsfg LLC acquired a new position in Overlay Shares Large Cap Equity ETF (BATS:OVL) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 526 shares of the company’s stock, valued at approximately $30,000.

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.