Overlay Shares Large Cap Equity ETF (OVL)Derivative Income | Exchange Traded Fund | Cboe US
57.07 USD
+0.27
(0.475%)
⇧
(July 14, 2026, 3:59 p.m.
EDT)
|
Hot Take ↕ | July 11, 2026, 3:21 a.m. EDT
The most compelling feature here is the massive income potential, with a distribution rate hovering around 10.5% to 12.5%, which offers significant relief in high-inflation environments. However, this aggressive payout comes with a trade-off: the price has been relatively flat over the last five years, showing only a modest 79% gain compared to the broader market, indicating capped upside typical of high-yield structures. While the underlying business shows a healthy long-term trajectory with four out of five years of positive growth and no recent consecutive declines, the short-term outlook remains neutral due to the lack of immediate momentum and a slight bearish lean from the statistical forecast model. This makes it a solid hold for income-focused investors but less attractive for those seeking rapid capital appreciation. |
| Model | MAE |
|---|---|
| MSTL ✓ | 0.020363 |
| AutoTheta | 0.028364 |
| AutoETS | 0.033836 |
| AutoARIMA | 0.033935 |
Forecast horizon: 45 days | Selected: MSTL
| Forecast Reliability | |
|---|---|
| Score | 60% |
| H-stat | 0.33 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.567 |
| Excess Kurtosis | -0.70 |
| Attribute | Value |
|---|---|
| Trailing P/E | 26.75 |
| Last Yield | 1yr Yield | 3yr Avg | 5yr Avg |
|---|---|---|---|
| 0.88% | 6.81% | 4.51% | 4.24% |
| Date | Dividend | Yield % |
|---|---|---|
| 2026-06-26 | 0.485 | 0.879739 |
| 2026-05-27 | 0.498 | 0.867445 |
| 2026-04-28 | 0.469 | 0.857561 |
| 2026-03-27 | 0.441 | 0.901288 |
| 2026-02-25 | 0.466 | 0.867784 |
| 2026-01-28 | 0.471 | 0.867883 |
| 2025-12-23 | 0.420 | 0.780669 |
| 2025-10-03 | 0.410 | 0.785892 |
| 2025-07-03 | 0.390 | 0.801298 |
| 2025-04-03 | 0.374 | 0.900207 |
| 2024-12-24 | 0.389 | 0.811668 |
| 2024-10-03 | 0.376 | 0.825811 |
| 2024-07-03 | 0.377 | 0.849156 |
| 2024-04-03 | 0.303 | 0.723323 |
| 2023-12-27 | 0.344 | 0.912225 |
| 2023-10-03 | 0.299 | 0.904197 |
| 2023-07-05 | 0.318 | 0.894918 |
| 2023-04-04 | 0.295 | 0.904741 |
| 2022-12-28 | 0.301 | 1.003333 |
| 2022-10-04 | 0.272 | 0.895916 |
| 2022-07-05 | 0.285 | 0.912789 |
| 2022-04-04 | 0.317 | 0.824169 |
| 2021-12-29 | 0.565 | 1.385483 |
| 2021-10-04 | 0.308 | 0.841944 |
| 2021-07-02 | 0.312 | 0.831335 |
| 2021-04-05 | 0.290 | 0.833525 |
| 2020-12-28 | 0.379 | 1.194340 |
| 2020-10-02 | 0.266 | 0.932287 |
| 2020-06-26 | 0.067 | 0.262098 |
| 2020-03-27 | 0.065 | 0.305882 |
| 2019-12-27 | 0.137 | 0.498218 |
| Attribute | Value |
|---|---|
| All Time High | 58.275 |
| All Time Low | 18.13 |
| Ask | 0.0 |
| Ask Size | 500 |
| Average Daily Volume10 Day | 117,110 |
| Average Daily Volume3 Month | 94,598 |
| Average Volume | 94,598 |
| Average Volume10Days | 117,110 |
| Beta3 Year | 1.17 |
| Bid | 54.67 |
| Bid Size | 500 |
| Category | Derivative Income |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 57.13 |
| Day Low | 56.78 |
| Dividend Yield | 7.15 |
| Eps Trailing Twelve Months | 2.1330647 |
| Esg Populated | 0 |
| Exchange | BTS |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 56.7498 |
| Fifty Day Average Change | 0.32019806 |
| Fifty Day Average Change Percent | 0.0056422763 |
| Fifty Two Week Change Percent | 17.08926 |
| Fifty Two Week High | 58.275 |
| Fifty Two Week High Change | -1.2050018 |
| Fifty Two Week High Change Percent | -0.020677852 |
| Fifty Two Week Low | 48.287 |
| Fifty Two Week Low Change | 8.783001 |
| Fifty Two Week Low Change Percent | 0.18189164 |
| Fifty Two Week Range | 48.287 - 58.275 |
| First Trade Date Milliseconds | 1,569,936,600,000 |
| Five Year Average Return | 0.1332892 |
| Full Exchange Name | Cboe US |
| Fund Family | Overlay Shares |
| Fund Inception Date | 1,569,801,600 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Has Pre Post Market Data | 1 |
| Language | en-US |
| Legal Type | Exchange Traded Fund |
| Long Business Summary | 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 and (ii) selling and purchasing listed short-term put options to generate income to the fund. |
| Long Name | Overlay Shares Large Cap Equity ETF |
| Market | us_market |
| Market State | PRE |
| Max Age | 86,400 |
| Message Board Id | finmb_632049960 |
| Nav Price | 57.0205 |
| Net Assets | 308,391,904.0 |
| Net Expense Ratio | 0.79 |
| Open | 57.01 |
| Previous Close | 56.8 |
| Price Hint | 2 |
| Quote Source Name | Delayed Quote |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | 0.27 |
| Regular Market Change Percent | 0.475353 |
| Regular Market Day High | 57.13 |
| Regular Market Day Low | 56.78 |
| Regular Market Day Range | 56.78 - 57.13 |
| Regular Market Open | 57.01 |
| Regular Market Previous Close | 56.8 |
| Regular Market Price | 57.07 |
| Regular Market Time | 1,784,059,199 |
| Regular Market Volume | 80,319 |
| Short Name | Overlay Shares Large Cap Equity |
| Source Interval | 15 |
| Symbol | OVL |
| Three Year Average Return | 0.2193634 |
| Total Assets | 308,391,904 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing P E | 26.75493 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | 15.71575 |
| Trailing Three Month Returns | 15.71575 |
| Triggerable | 1 |
| Two Hundred Day Average | 53.883434 |
| Two Hundred Day Average Change | 3.1865654 |
| Two Hundred Day Average Change Percent | 0.059138127 |
| Type Disp | ETF |
| Volume | 80,319 |
| Yield | 0.0715 |
| Ytd Return | 12.06497 |