Overlay Shares Municipal Bond ETF (OVM)Muni National Long | Exchange Traded Fund | Cboe US
21.69 USD
-0.08
(-0.355%) ⇩
(July 13, 2026, 3:50 p.m.
EDT)
|
Hot Take ↕ | July 11, 2026, 3:22 a.m. EDT
The most critical observation is the severe structural deterioration of the underlying asset class. Over the last five years, the price has fallen nearly 18%, driven by three out of five years of negative annual returns, including a brutal 14.65% drop in 2022 and a 6% decline last year. While the headline yield is attractive at 6.55%, this is largely a compensation for capital destruction rather than a sign of a healthy, growing income stream; the recent quarterly payouts have also contracted significantly compared to the 2021 peak. The recent price action shows almost zero momentum, trading flat against its 50-day average, which aligns with the statistical forecast indicating a slight downward drift over the next month. For a long-term holder, the multi-year decline suggests the municipal bond market environment has fundamentally shifted against this specific strategy, making it a poor candidate for recovery despite the high coupon. |
| Model | MAE |
|---|---|
| AutoTheta ✓ | 0.002767 |
| AutoETS | 0.002784 |
| MSTL | 0.002794 |
| AutoARIMA | 0.002896 |
Forecast horizon: 45 days | Selected: AutoTheta
| Forecast Reliability | |
|---|---|
| Score | 82% |
| H-stat | 0.41 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.350 |
| Excess Kurtosis | -0.06 |
| Attribute | Value |
|---|---|
| Trailing P/E | 26.76 |
| Last Yield | 1yr Yield | 3yr Avg | 5yr Avg |
|---|---|---|---|
| 0.42% | 5.33% | 5.13% | 5.18% |
| Date | Dividend | Yield % |
|---|---|---|
| 2026-06-26 | 0.092 | 0.423086 |
| 2026-05-27 | 0.095 | 0.436983 |
| 2026-04-28 | 0.093 | 0.428374 |
| 2026-03-27 | 0.093 | 0.436210 |
| 2026-02-25 | 0.094 | 0.428930 |
| 2026-01-28 | 0.093 | 0.429978 |
| 2025-12-23 | 0.281 | 1.307524 |
| 2025-10-03 | 0.307 | 1.440638 |
| 2025-07-03 | 0.279 | 1.336527 |
| 2025-04-03 | 0.303 | 1.439430 |
| 2024-12-24 | 0.274 | 1.259538 |
| 2024-10-03 | 0.270 | 1.204819 |
| 2024-07-03 | 0.271 | 1.224582 |
| 2024-04-03 | 0.254 | 1.152032 |
| 2023-12-27 | 0.271 | 1.225357 |
| 2023-10-03 | 0.250 | 1.225010 |
| 2023-07-05 | 0.254 | 1.162844 |
| 2023-04-04 | 0.255 | 1.155153 |
| 2022-12-28 | 0.242 | 1.125058 |
| 2022-10-04 | 0.228 | 1.070021 |
| 2022-07-05 | 0.218 | 0.973562 |
| 2022-04-04 | 0.221 | 0.940706 |
| 2021-12-29 | 0.801 | 3.159140 |
| 2021-10-04 | 0.240 | 0.936147 |
| 2021-07-02 | 0.252 | 0.963119 |
| 2021-04-05 | 0.253 | 0.984627 |
| 2020-12-28 | 0.255 | 0.983986 |
| 2020-10-02 | 0.258 | 1.012440 |
| 2020-07-02 | 0.260 | 1.027505 |
| 2020-03-27 | 0.250 | 1.021617 |
| 2019-12-27 | 0.147 | 0.579996 |
| Attribute | Value |
|---|---|
| All Time High | 27.28 |
| All Time Low | 19.6 |
| Ask | 0.0 |
| Ask Size | 900 |
| Average Daily Volume10 Day | 11,530 |
| Average Daily Volume3 Month | 14,501 |
| Average Volume | 14,501 |
| Average Volume10Days | 11,530 |
| Beta3 Year | 1.24 |
| Bid | 0.0 |
| Bid Size | 100 |
| Category | Muni National Long |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 21.75 |
| Day Low | 21.68 |
| Dividend Yield | 6.55 |
| Eps Trailing Twelve Months | 0.81056404 |
| Esg Populated | 0 |
| Exchange | BTS |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 21.74068 |
| Fifty Day Average Change | -0.047880173 |
| Fifty Day Average Change Percent | -0.0022023309 |
| Fifty Two Week Change Percent | 4.203093 |
| Fifty Two Week High | 22.19 |
| Fifty Two Week High Change | -0.4972 |
| Fifty Two Week High Change Percent | -0.022406489 |
| Fifty Two Week Low | 20.73 |
| Fifty Two Week Low Change | 0.962801 |
| Fifty Two Week Low Change Percent | 0.046444815 |
| Fifty Two Week Range | 20.73 - 22.19 |
| First Trade Date Milliseconds | 1,569,936,600,000 |
| Five Year Average Return | 0.0133845 |
| 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 investment grade municipal bonds and below investment grade municipal bonds 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 Municipal Bond ETF |
| Market | us_market |
| Market State | PRE |
| Max Age | 86,400 |
| Message Board Id | finmb_632049961 |
| Nav Price | 21.7537 |
| Net Assets | 42,548,888.0 |
| Net Expense Ratio | 0.81 |
| Open | 21.75 |
| Previous Close | 21.77 |
| Price Hint | 2 |
| Quote Source Name | Delayed Quote |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | -0.0771999 |
| Regular Market Change Percent | -0.354616 |
| Regular Market Day High | 21.75 |
| Regular Market Day Low | 21.68 |
| Regular Market Day Range | 21.68 - 21.75 |
| Regular Market Open | 21.75 |
| Regular Market Previous Close | 21.77 |
| Regular Market Price | 21.6928 |
| Regular Market Time | 1,783,972,215 |
| Regular Market Volume | 30,801 |
| Short Name | Overlay Shares Municipal Bond E |
| Source Interval | 15 |
| Symbol | OVM |
| Three Year Average Return | 0.0473494 |
| Total Assets | 42,548,888 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing P E | 26.7626 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | 2.88339 |
| Trailing Three Month Returns | 2.88339 |
| Triggerable | 1 |
| Two Hundred Day Average | 21.660025 |
| Two Hundred Day Average Change | 0.03277588 |
| Two Hundred Day Average Change Percent | 0.0015131967 |
| Type Disp | ETF |
| Volume | 30,801 |
| Yield | 0.0655 |
| Ytd Return | 3.98353 |