Overlay Shares Municipal Bond ETF
OVM CBOE - exBATS
The Overlay Shares Municipal Bond ETF seeks to outperform the Bloomberg Barclays Municipal Bond Index through a combination of capital appreciation and income generation. Return is enhanced by a bullish strategy on the S&P 500, selling short put options at a strike below the level of the index and...
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- Dividend yield
- 3.65% Trailing 12 months
- Volatility · 1Y
- 5.6% Above Average
- Beta
- 0.23 vs the market
- 52-week range
- 20.1821.75
How OVM has paid off
Price return over every period, and total return with dividends reinvested, set against price alone.
Return by period
Price · to Oct 12Total return vs price return
Price onlyOver 1 year, OVM returned +2.6% with dividends reinvested — dividends added +3.6 pts to the price move.
How bumpy is the ride?
Return only means something next to the risk taken to earn it. Volatility, drawdowns and market sensitivity over 1 year.
Volatility
Annualized · 1YA typical year sees the price swing about ±6% around its trend.
Drawdown from peak
How far below its previous high the price has been Deepest fall −7.2% on Sep 29, 2026 — 85 days after the previous high
More than 5% below a high 6% of the time.
Market sensitivity
BetaA beta of 0.23 means OVM has moved less than the market.
Trend & momentum
Where the price sits against its moving averages, and how stretched the recent move is.
Price vs moving averages
Downtrend- 12-day average20.48 +0.2%
- 26-day average20.61 −0.5%
- 50-day average20.82 −1.5%
- 200-day average21.06 −2.6%
The price is above 1 of 4 averages. The 50-day average is below the 200-day, a sign of a falling longer-term trend.
Relative strength (RSI)
NeutralRSI compares recent gains with recent losses on a 0–100 scale. Above 70 a move is often considered stretched, below 30 washed out.
Technical indicators describe past prices. They are not a forecast.
What it pays you
Cash distributions over the last twelve months, and how they have grown.
About 36 USD a year for every 1,000 USD invested at today's price.
- Per share
- 0.75
- Last paid
- Sep 29, 2026
Last 12 months
0.75 USD / shareWhere OVM shows up
Curated themes and indices that hold OVM. Open one to see it in context, or test the whole theme in a portfolio.
About Overlay Shares Municipal Bond ETF
The Overlay Shares Municipal Bond ETF seeks to outperform the Bloomberg Barclays Municipal Bond Index through a combination of capital appreciation and income generation. Return is enhanced by a bullish strategy on the S&P 500, selling short put options at a strike below the level of the index and buying an equal amount put options below the strike price of the short put options. When selling a put option, the Fund will receive a premium; however, this premium may not be enough to offset a loss incurred by the Fund if the price of the underlying asset is below the strike price by an amount equal to or greater than the premium.
- Featured in 2 curated themes
- Ticker
- OVM
- Exchange
- CBOE - exBATS
- ISIN
- US53656F8547
- CUSIP
- 53656F854
- Currency
- U.S. Dollar (USD)
- Country
- USA
- Sector
- Smart Betas
- Industry
- SecuringIncome/DownsideExposure
All key statistics
Details
Shareas of Oct 12, 2026
Dataas of Oct 13, 2026
Put OVM to the test
See how it would change the return and the risk of a portfolio, with virtual money, before a single real dollar moves.
Data for information only, not investment advice. Past performance does not guarantee future results.