Shares of Overlay Shares Large Cap Equity ETF (NYSEARCA:OVL) experienced a slight decline of 0.8% during mid-day trading on Thursday, trading as low as $44.90 before closing at $44.96. With 2,707 shares changing hands, this marked a significant decrease of 94% from the average session volume of 43,934 shares.
The company has a 50-day moving average price of $43.15 and a 200-day moving average price of $41.09. With a market capitalization of $170.85 million, a price-to-earnings ratio of 25.46, and a beta of 1.18, Overlay Shares Large Cap Equity ETF continues to be a notable player in the market.
Institutional investors are also showing interest in Overlay Shares Large Cap Equity ETF, with NBC Securities Inc. recently increasing its position in the stock by 16.8% during the 1st quarter. Holding 16,555 shares of the company’s stock, NBC Securities Inc. now owns 0.39% of Overlay Shares Large Cap Equity ETF worth $715,000.
Overlay Shares Large Cap Equity ETF, which is based on the S&P 500 index, is an exchange-traded fund managed by Overlay Shares. Launched in 2019, the fund offers exposure to large cap U.S. equities through an actively managed put spread option overlay strategy.
Overall, despite the slight decline in stock value, Overlay Shares Large Cap Equity ETF continues to show promise in the market. DailyBubble sees potential for growth and stability in the ETF, making it a noteworthy option for investors looking to diversify their portfolios.