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Overlay Shares Hedged Large Cap Equity ETF (OVLH)

Equity Hedged | Exchange Traded Fund | Cboe US
42.51 USD -0.09 (-0.204%) ⇩ (Aug. 28, 2026, 3:11 p.m. EDT)
After hours: 42.51

Short-term:★★⯪☆☆Long-term:★★★⯪☆Dividends:★★☆☆☆
Hot Take | Aug. 22, 2026, 2:56 a.m. EDT

The asset is a hedged large-cap equity ETF that has delivered a robust +31.7% gain over the last four years, driven by three consecutive years of double-digit growth. However, the recent price action shows a distinct lack of momentum, trading flat within a tight range near the 52-week low while volume has collapsed to a fraction of its average. This stagnation suggests the market is pricing in the 'hedged' nature of the vehicle, which likely dampens upside during rallies. While the underlying business quality appears sound based on the multi-year trajectory, the current setup offers no immediate catalyst for a breakout, making it a neutral hold for the near term rather than a high-conviction entry.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoARIMA ✓0.011660
AutoTheta0.014386
MSTL0.017672
AutoETS0.020412

Forecast horizon: 45 days | Selected: AutoARIMA

Forecast Reliability
Score 67%
H-stat 2.30
Ljung-Box p 0.000
Jarque-Bera p 0.361
Excess Kurtosis -0.02
Attribute Value
Trailing P/E 26.13

Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
0.30% 0.30% 0.48%
Dividend History
Date Dividend Yield %
2025-12-23 0.119 0.300308
2024-12-24 0.110 0.316165
2023-12-27 0.240 0.828815
2022-12-28 0.197 0.800195
2021-12-29 0.119 0.395309
Additional Data
trailingAnnualDividendRate 0.0
trailingAnnualDividendYield 0.0
dividendYield 0.29

Info Dump

Attribute Value
All Time High 43.18
All Time Low 23.76
Ask 46.59
Ask Size 1,000
Average Daily Volume10 Day 18,700
Average Daily Volume3 Month 15,139
Average Volume 15,139
Average Volume10Days 18,700
Beta3 Year 0.74
Bid 42.41
Bid Size 1,100
Category Equity Hedged
Crypto Tradeable 0
Currency USD
Custom Price Alert Confidence HIGH
Day High 42.67
Day Low 42.5111
Dividend Yield 0.29
Eps Trailing Twelve Months 1.6268399
Esg Populated 0
Exchange BTS
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 41.9996
Fifty Day Average Change 0.5115013
Fifty Day Average Change Percent 0.012178719
Fifty Two Week Change Percent 12.84808
Fifty Two Week High 43.18
Fifty Two Week High Change -0.66889954
Fifty Two Week High Change Percent -0.015490958
Fifty Two Week Low 37.33
Fifty Two Week Low Change 5.181099
Fifty Two Week Low Change Percent 0.13879181
Fifty Two Week Range 37.33 - 43.18
First Trade Date Milliseconds 1,610,721,000,000
Five Year Average Return 0.0861402
Full Exchange Name Cboe US
Fullday Change -0.0868988
Fullday Change Percent -0.203997
Fullday Price 42.5111
Fund Family Liquid Strategies
Fund Inception Date 1,610,582,400
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 (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.
Long Name Overlay Shares Hedged Large Cap Equity ETF
Market us_market
Market State CLOSED
Max Age 86,400
Message Board Id finmb_694443101
Nav Price 42.5977
Net Assets 112,242,880.0
Net Expense Ratio 0.8
Open 42.67
Post Market Change 0.0
Post Market Change Percent 0.0
Post Market Price 42.5111
Post Market Time 1,787,959,805
Previous Close 42.598
Price Hint 2
Quote Source Name Nasdaq Real Time Price
Quote Type ETF
Region US
Regular Market Change -0.0868988
Regular Market Change Percent -0.203997
Regular Market Day High 42.67
Regular Market Day Low 42.5111
Regular Market Day Range 42.5111 - 42.67
Regular Market Open 42.67
Regular Market Previous Close 42.598
Regular Market Price 42.5111
Regular Market Time 1,787,944,296
Regular Market Volume 6,185
Short Name Overlay Shares Hedged Large Cap
Source Interval 15
Symbol OVLH
Three Year Average Return 0.16158701
Total Assets 112,242,880
Tradeable 0
Trailing Annual Dividend Rate 0.0
Trailing Annual Dividend Yield 0.0
Trailing P E 26.13109
Trailing Peg Ratio None
Trailing Three Month Nav Returns 2.19401
Trailing Three Month Returns 2.19401
Triggerable 1
Two Hundred Day Average 40.39829
Two Hundred Day Average Change 2.112812
Two Hundred Day Average Change Percent 0.052299544
Type Disp ETF
Volume 6,185
Yield 0.0029
Ytd Return 5.72907