OVT Profile
Overlay Shares Short-Term Bond ETF (OVT) is an actively managed exchange-traded fund that focuses on short-term investment-grade bonds. Launched on January 14, 2021, and issued by Liquid Strategies, OVT primarily invests in U.S. dollar-denominated fixed-rate taxable bonds with an average maturity of no more than three years and a maximum maturity of five years. To generate additional income, the fund also engages in selling and purchasing listed short-term put options.
OVT's primary goal is to achieve total return by combining bond investments with a strategic options overlay. The fund is designed to provide investors with exposure to short-term bonds while potentially enhancing returns through its options strategy. As of the latest update, OVT manages assets totaling approximately $42.34 million, with an expense ratio of 0.85% and a dividend yield of 5.44%. It holds 10 different securities in its portfolio and has shown a one-year return of 2.78%.
OVT trades on the NYSEARCA under the ticker symbol OVT. Its recent market performance includes a 52-week range of $20.46 to $22.34, reflecting its stability in the bond market. The ETF is part of the broader fixed income category and is particularly suited for investors seeking income generation with a relatively low-risk profile due to its focus on high-quality short-term bonds.
|
