Overlay Shares Short Term Bond ETF (NYSEARCA:OVT) to Issue $0.11 Quarterly Dividend

Overlay Shares Short Term Bond ETF (NYSEARCA:OVT) announced a quarterly dividend on Tuesday, February 24th. Shareholders of record on Wednesday, February 25th will be given a dividend of 0.1126 per share on Thursday, February 26th. This represents a c) dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Wednesday, February 25th.

Overlay Shares Short Term Bond ETF Stock Performance

Shares of OVT stock traded down $0.10 during trading on Wednesday, hitting $22.14. The company had a trading volume of 23,110 shares, compared to its average volume of 12,497. Overlay Shares Short Term Bond ETF has a one year low of $21.17 and a one year high of $22.62. The firm has a market capitalization of $51.80 million, a P/E ratio of 23.77 and a beta of 0.28. The stock’s 50-day moving average price is $22.09 and its 200 day moving average price is $22.18.

About Overlay Shares Short Term Bond ETF

The Overlay Shares Short Term Bond ETF (OVT) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is actively managed to provide exposure to US short-term, investment grade bonds combined with a US large cap put spread strategy. OVT was launched on Jan 14, 2021 and is managed by Overlay Shares.