Overlay Shares Large Cap Equity ETF (NYSEARCA:OVL) Shares Up 0.5% – Here’s What Happened

Shares of Overlay Shares Large Cap Equity ETF (NYSEARCA:OVL) rose 0.5% during trading on Friday . The stock traded as high as $48.21 and last traded at $48.12. Approximately 126,244 shares were traded during trading, an increase of 133% from the average daily volume of 54,196 shares. The stock had previously closed at $47.90.

Overlay Shares Large Cap Equity ETF Trading Up 0.5 %

The firm has a market capitalization of $182.86 million, a P/E ratio of 25.46 and a beta of 1.18. The business’s 50 day simple moving average is $45.81 and its two-hundred day simple moving average is $44.09.

Overlay Shares Large Cap Equity ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, October 4th. Investors of record on Thursday, October 3rd were given a $0.3758 dividend. The ex-dividend date was Thursday, October 3rd. This is a boost from Overlay Shares Large Cap Equity ETF’s previous dividend of $0.32.

Institutional Trading of Overlay Shares Large Cap Equity ETF

A hedge fund recently bought a new stake in Overlay Shares Large Cap Equity ETF stock. Fiduciary Alliance LLC bought a new position in Overlay Shares Large Cap Equity ETF (NYSEARCA:OVL) in the third quarter, according to the company in its most recent disclosure with the SEC. The fund bought 5,217 shares of the company’s stock, valued at approximately $242,000. Fiduciary Alliance LLC owned 0.14% of Overlay Shares Large Cap Equity ETF at the end of the most recent quarter.

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.