OVB Stock Summary and Trading Ideas (Overlay Shares Core Bond ETF | ARCA:OVB)

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, U.S. dollar-denominated, fixed-rate taxable bonds or directly in the securities held by such ETFs (collectively, the Underlying Investments ) and (ii) selling and purchasing listed short-term put options to generate income to the Fund (the Overlay Strategy ).

Overlay Shares Core Bond ETF trades on the ARCA stock market under the symbol OVB.

As of April 24, 2024, OVB stock price declined to $19.84 with 20,028 million shares trading.

OVB has a market cap of $46.72 million. This is considered a Sub-Micro Cap stock.

In the last 3 years, OVB stock traded as high as $27.83 and as low as $18.69.

OVB has underperformed the market in the last year with a price return of +0.5% while the SPY ETF gained +24.4%. OVB has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -2.0% and -3.0%, respectively, while the SPY returned +4.7% and -2.5%, respectively.

OVB support price is $19.74 and resistance is $19.98 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that OVB stock will trade within this expected range on the day.