Overlay Shares Hedged Large Cap Equity ETF (OVLH)
Overlay Shares Hedged Large Cap Equity ETF operates in the Asset Management industry of the Financial Services sector, headquartered in Brentwood, TN, US. The stock last traded at $42.82, up 0.29% on the session, giving a market capitalisation of $87.3M. Its beta of 0.73 implies it has historically moved less than the broad market.
The fund is an actively-managed exchange-traded fund (“ETF”) that seeks to achieve its objective by (i) investing in one or more other ETFs that seek to obtain exposure to the performance of U.S. large-cap equity securities or directly in the securities held by such ETFs (collectively, the “Underlying Investments”), and (ii) purchasing long-term out-of-the-money put options (i.e., put options with a strike price below the current price of the reference asset) to seek to hedge against significant declines in U.S. large-cap equities.
Overlay Shares Hedged Large Cap Equity ETF is most often compared with the following Financial Services names: