Overlay Shares Short Term Bond ETF (OVT)
Overlay Shares Short Term Bond ETF operates in the Asset Management - Bonds industry of the Financial Services sector, headquartered in Brentwood, TN, US. The stock last traded at $21.81, up 0.16% on the session, giving a market capitalisation of $61.0M. Its beta of 0.70 implies it has historically moved less than the broad market.
The Overlay Shares Short Term Bond ETF (OVT) is an actively managed fund that pursues its investment goals through a dual strategy. Firstly, it seeks exposure to the short-duration fixed-income market by investing in other exchange-traded funds (ETFs) that hold high-quality, U.S. dollar-denominated, fixed-rate taxable bonds. Alternatively, the fund may directly acquire these underlying debt instruments. A key characteristic of these bonds is their maturity profile: they maintain a dollar-weighted average maturity of no more than three years, with no single bond maturing beyond five years. Secondly, to generate additional income, the ETF actively trades (both selling and purchasing) exchange-listed, short-term put options.
Overlay Shares Short Term Bond ETF is most often compared with the following Financial Services names: