Overlay Shares Small Cap Equity ETF (OVS)
Overlay Shares Small Cap Equity ETF operates in the Asset Management industry of the Financial Services sector, headquartered in Brentwood, TN, US. The stock last traded at $42.57, up 0.58% on the session, giving a market capitalisation of $21.4M. Its beta of 1.15 implies it has historically moved more than the broad market.
OVS selects other ETFs in the U.S. small cap equity space to provide long exposure. In addition, the fund sells short put options at a strike below the level of the S&P 500 Index and buys put options below the strike price of the short put options. Fund allocations are based on a quantitative methodology based on the perceived risk of the broad U.S. equity market. The Adviser considers various factors including overall market volatility, a qualitative assessment of potential risk/reward scenarios, and mitigating the effects of volatility in the funds portfolio. In a rising or sideways U.S. equity market, the strategy seeks to provide a positive performance return along with additional income. In a declining U.S. equity market, or periods of increased volatility, the loss potential could be greater than the profit potential.
Overlay Shares Small Cap Equity ETF is most often compared with the following Financial Services names: