OVF Stock Summary and Trading Ideas (Overlay Shares Foreign Equity ETF | ARCA:OVF)

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 exposure to the performance of non-U.S. equity securities (from both developed and emerging markets) 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 ). The Overlay Strategy seeks to generate income for the Fund by utilizing a put spread consisting of the sale of exchange-listed short-term put options ( Short Puts ) with a notional value (strike price times the value of the shares) up to 100% of the Fund s net assets and the purchase of an identical number of short-term put options ( Long Puts ) with a lower strike price. The Fund seeks to generate income from the sale and purchase of put options with a lower strike price to hedge against a decline in the options underlying asset, the MSCI ACWI ex US index.

Overlay Shares Foreign Equity ETF trades on the ARCA stock market under the symbol OVF.

As of April 19, 2024, OVF stock price declined to $23.18 with 21,081 million shares trading.

OVF has a market cap of $17.62 million. This is considered a Sub-Micro Cap stock.

In the last 3 years, OVF stock traded as high as $28.20 and as low as $18.69.

OVF has underperformed the market in the last year with a price return of +6.0% while the SPY ETF gained +21.2%. OVF has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +2.7% and -5.3%, respectively, while the SPY returned +3.0% and -4.5%, respectively.

OVF support price is $23.02 and resistance is $23.58 (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 OVF stock will trade within this expected range on the day.