Overlay Shares Municipal Bond ETF
OVM
Chicago Board Options Exchange- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Andres A. Lopez
- Full Time Employees
- 23,000
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 5141 Virginia Way, Suite 150 Brentwood TN United States of America 37027
- IPO Date
- Oct 1, 2019
- CIK
- 0001683471
- Website
- o-i.com
- Similar Companies
- Business
- Overlay Shares Municipal Bond ETF (OVM) is an actively managed exchange-traded fund that seeks tax-exempt current income and capital appreciation by investing primarily in U.S. municipal bonds; it employs an option overlay strategy involving the writing of short-term put options on U.S. Treasury securities to enhance yield potential while maintaining exposure to a diversified municipal bond portfolio. The fund's core offerings include a portfolio of investment-grade and high-yield municipal securities across sectors such as general obligation bonds, revenue bonds, and pre-refunded bonds; tax-exempt income generation through active management; and enhanced total returns via equity option overlays on low-risk Treasury futures or ETFs, targeting retail and institutional investors seeking tax-efficient fixed income alternatives. OVM operates in the U.S. municipal bond market, with geographic focus on domestic issuers from states nationwide, and is issued by Overlay Shares, headquartered in Princeton, New Jersey, with the ETF launched in 2022. Recent developments include expansion of the Overlay Shares ETF suite with new active fixed income strategies in 2024, reflecting the firm's strategic shift toward diversified option-enhanced income products; no major acquisitions or funding rounds reported in the last two years, though the firm has deepened partnerships with market makers for improved liquidity in its overlay ETFs.