Overlay Shares Small Cap Equity ETF (BATS:OVS) Sees Significant Drop in Short Interest

Overlay Shares Small Cap Equity ETF (BATS:OVS) saw a significant decline in short interest in August. As of August 31st, there was short interest totaling 2,021 shares, a decline of 78.9% from the August 15th total of 9,597 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily volume of 16,549 shares, the days-to-cover ratio is currently 0.1 days.

Overlay Shares Small Cap Equity ETF Stock Performance

Shares of OVS stock opened at $40.15 on Friday. Overlay Shares Small Cap Equity ETF has a 52 week low of $33.14 and a 52 week high of $43.03. The stock has a market capitalization of $33.73 million, a PE ratio of 15.12 and a beta of 1.15. The stock’s fifty day moving average is $41.65 and its 200-day moving average is $40.02.

About Overlay Shares Small Cap Equity ETF

The Overlay Shares Small Cap Equity ETF (OVS) is an exchange-traded fund that is based on the S&P 600 index. The fund is actively managed to provide exposure to small cap U.S. equities combined with a put spread option overlay strategy. OVS was launched on Sep 30, 2019 and is managed by Overlay Shares.