Overlay Shares Hedged Large Cap Equity ETF (BATS:OVLH) Sees Large Growth in Short Interest

Overlay Shares Hedged Large Cap Equity ETF (BATS:OVLH) saw a large increase in short interest in the month of October. As of October 30th, there was short interest totaling 32,712 shares, an increase of 701.8% from the October 15th total of 4,080 shares. Based on an average trading volume of 9,903 shares, the short-interest ratio is currently 3.3 days. Approximately 1.3% of the company’s stock are sold short.

Institutional Trading of Overlay Shares Hedged Large Cap Equity ETF

An institutional investor recently raised its stake in Overlay Shares Hedged Large Cap Equity ETF stock. CoreCap Advisors LLC grew its holdings in Overlay Shares Hedged Large Cap Equity ETF (BATS:OVLH) by 19.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,831 shares of the company’s stock after purchasing an additional 455 shares during the period. CoreCap Advisors LLC owned about 0.10% of Overlay Shares Hedged Large Cap Equity ETF worth $119,000 as of its most recent SEC filing.

Overlay Shares Hedged Large Cap Equity ETF Stock Performance

Shares of BATS OVLH opened at $41.85 on Thursday. Overlay Shares Hedged Large Cap Equity ETF has a fifty-two week low of $37.33 and a fifty-two week high of $43.18. The company has a 50 day simple moving average of $42.20 and a two-hundred day simple moving average of $41.09. The company has a market capitalization of $103.79 million, a price-to-earnings ratio of 22.71 and a beta of 0.73.

About Overlay Shares Hedged Large Cap Equity ETF

The Overlay Shares Hedged Large Cap Equity ETF (OVLH) is an exchange-traded fund that mostly invests in large cap equity. The fund is actively managed to provide exposure to the US large-cap space combined with an option overlay strategy, utilizing a put spread and long-term OTM put options. OVLH was launched on Jan 14, 2021 and is managed by Overlay Shares.