Overlay Shares Short Term Bond ETF (NYSEARCA:OVT) Announces Dividend Increase – $0.36 Per Share

Overlay Shares Short Term Bond ETF (NYSEARCA:OVT) announced a dividend on Wednesday, October 2nd, NASDAQ reports. Shareholders of record on Thursday, October 3rd will be paid a dividend of 0.3616 per share on Friday, October 4th. The ex-dividend date is Thursday, October 3rd. This is a positive change from Overlay Shares Short Term Bond ETF’s previous dividend of $0.27.

Overlay Shares Short Term Bond ETF Stock Down 1.5 %

NYSEARCA OVT traded down $0.34 during midday trading on Thursday, hitting $22.47. 4,424 shares of the company traded hands, compared to its average volume of 46,359. The company’s 50-day simple moving average is $22.51 and its 200-day simple moving average is $22.15. Overlay Shares Short Term Bond ETF has a 52 week low of $20.46 and a 52 week high of $22.87.

About Overlay Shares Short Term Bond ETF

The Overlay Shares Short Term Bond ETF (OVT) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is actively managed to provide exposure to US short-term, investment grade bonds combined with a US large cap put spread strategy. OVT was launched on Jan 14, 2021 and is managed by Overlay Shares.