Overlay Shares Large Cap Equity ETF (BATS:OVL) Stock Falls 1.5% – Here’s What Happened

Overlay Shares Large Cap Equity ETF (BATS:OVL) dropped 1.5% during trading on Wednesday. The stock traded as low as $56.60 and last traded at $56.87. 305,118 shares changed hands during trading, an increase of 200% from the average session volume of 101,779 shares. The stock had previously closed at $57.76.

Overlay Shares Large Cap Equity ETF Stock Performance

The stock’s 50 day simple moving average is $57.30 and its 200 day simple moving average is $56.33. The firm has a market cap of $350.27 million, a PE ratio of 24.33 and a beta of 1.14.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Overlay Shares Large Cap Equity ETF stock. Tsfg LLC bought a new position in shares of Overlay Shares Large Cap Equity ETF (BATS:OVL) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 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.