Overlay Shares Hedged Large Cap Equity ETF (BATS:OVLH) Shares Shorted: Short Interest Up 701.8% in October

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. Approximately 1.3% of the company’s stock are sold short. Based on an average daily trading volume, of 9,903 shares, the short-interest ratio is presently 3.3 days.

Overlay Shares Hedged Large Cap Equity ETF Price Performance

Shares of Overlay Shares Hedged Large Cap Equity ETF stock opened at $41.49 on Wednesday. Overlay Shares Hedged Large Cap Equity ETF has a one year low of $37.33 and a one year high of $43.18. The firm has a market capitalization of $102.90 million, a price-to-earnings ratio of 22.71 and a beta of 0.73. The business has a 50-day simple moving average of $42.20 and a 200 day simple moving average of $41.08.

Institutional Investors Weigh In On 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 increased its position in Overlay Shares Hedged Large Cap Equity ETF (BATS:OVLH) by 19.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & 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 approximately 0.10% of Overlay Shares Hedged Large Cap Equity ETF worth $119,000 at the end of the most recent quarter.

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.