OVT - Overlay Shares Short Term Bond ETF
The fund is an actively-managed 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 short-term, investment grade, U. S. dollar-denominated, fixed-rate taxable bonds with a dollar-weighted average maturity of no more than three years with a maximum maturity of five years or directly in the securities held by such ETFs and (ii) selling and purchasing listed short-term put options to generate income to the fund.
As of May 15, 2026: spot at $23.50, ATM IV 29.6%, net GEX $0.
- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Market Cap
- $58.6M
- Beta
- 0.70
- 52-Week Range
- 21.445-22.62
- Dividend Yield
- $1.68
- IPO Date
- Jan 15, 2021
- Exchange
- CBOE
What OVT Looks Like to Options Traders Today
IV rank of 19.6% is subdued relative to the 1-year history, conditions that typically favor premium-buying or long-volatility structures (debit spreads, calendar spreads, long straddles); positive net gamma exposure ($0) means dealers hedge against trend, damping realized volatility and biasing price toward heavy-OI strikes; the 25-delta skew (-0.082) prices puts richer than calls, the typical equity downside-protection skew.
What This Page Covers
The OVT overview links into per-metric analysis views: max pain, gamma exposure, volatility skew, expected move, options chain, open interest history, and aggregate Greeks. Microstructure data is available on short interest, short volume, fail-to-deliver, and market structure.
Frequently asked OVT overview questions
- What is OVT?
- OVT is the ticker symbol for Overlay Shares Short Term Bond ETF, an listed exchange-traded fund. The fund is an actively-managed 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 short-term, investment grade, U. S. Listed on CBOE. OVT is the ETF ticker shown on this page; ETF traders use the fund for diversified exposure to its underlying basket, for sector and factor rotation, and for hedging or replication strategies via the listed options chain.
- What does the OVT options snapshot look like today?
- As of May 15, 2026, the OVT options snapshot shows spot at $23.50, ATM IV 29.6%, IV rank 19.6%, net GEX $0, expected move 8.49%. The full options chain, Greeks by strike and expiration, per-strike open-interest distribution, dealer gamma and delta exposure, and the volatility skew surface are linked from this overview page. Each per-metric route refreshes once per trading session and reflects the most recent close-of-business listed-options state.
- What are OVT's key statistics?
- Overlay Shares Short Term Bond ETF (OVT) carries a market capitalization of $58.6M, 52-week range of 21.445-22.62. Full holdings disclosure, expense ratio, and tracking-error history live on the per-ticker fundamentals page or the sponsor's site; daily NAV and premium/discount-to-NAV are accessible from the same view. These structural inputs frame how the ETF options market prices implied volatility relative to its constituents.
- What sector or industry does OVT belong to?
- Overlay Shares Short Term Bond ETF operates in the Financial Services sector, in the Asset Management - Bonds industry. Sector classification affects how the ticker correlates with sector ETFs, how it reacts to macro factors like rate moves and commodity prices, and how its options pricing compares to sector peers. Compare OVT's implied volatility and skew against sector benchmarks to gauge whether the options market is pricing single-name or systemic risk relative to the broader peer group.
- How current is the OVT data on this page?
- The options snapshot above is dated May 15, 2026 and refreshes once per session, with all per-strike Greeks and exposure aggregates recomputed at the daily close. Fund-level fields (sponsor, expense ratio, holdings concentration where available) refresh from the vendor feed nightly. ETF-specific filings (N-CSR, N-PX, N-CEN) update on the SEC EDGAR cadence. FINRA microstructure data refreshes on the source's cadence; for ETFs the off-exchange volume signal is dominated by authorized-participant creation and redemption rather than directional flow.