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Upturn AI SWOT - About
Overlay Shares Municipal Bond ETF (OVM)
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Upturn Advisory Summary
08/14/2025: OVM (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Analysis of Past Performance
Type ETF | Historic Profit 1.71% | Avg. Invested days 46 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  3.0 | ETF Returns Performance  1.0 |
| Profits based on simulation | Last Close 08/14/2025 |
Key Highlights
Volume (30-day avg) - | Beta 1.22 | 52 Weeks Range 19.77 - 23.96 | Updated Date 06/30/2025 |
52 Weeks Range 19.77 - 23.96 | Updated Date 06/30/2025 |
Upturn AI SWOT
Overlay Shares Municipal Bond ETF
ETF Overview
Overview
The Overlay Shares Municipal Bond ETF seeks to provide current income that is exempt from federal income tax by investing primarily in municipal bonds. It employs an active strategy and is actively managed.
Reputation and Reliability
Overlay Shares is a relatively new ETF issuer focused on actively managed strategies. Their reputation is still developing, but they are aiming to provide innovative investment solutions.
Management Expertise
The management team has experience in fixed income investing and active portfolio management.
Investment Objective
Goal
The ETF's primary goal is to provide current income exempt from federal income tax.
Investment Approach and Strategy
Strategy: The ETF employs an active investment strategy, selecting municipal bonds based on credit quality, duration, and yield.
Composition The ETF invests primarily in municipal bonds issued by state and local governments.
Market Position
Market Share: Overlay Shares Municipal Bond ETF has a small market share as a new actively managed fund.
Total Net Assets (AUM): 16710000
Competitors
Key Competitors
- MUB
- ITM
- VTEB
- HYD
Competitive Landscape
The municipal bond ETF market is dominated by large, passively managed funds like MUB and VTEB. Overlay Shares aims to differentiate itself through active management, seeking to outperform the benchmark. However, it faces the challenge of proving its value proposition compared to low-cost passive alternatives.
Financial Performance
Historical Performance: Data not readily available. Performance will vary based on market conditions.
Benchmark Comparison: Data not readily available. Actively managed funds seek to outperform the benchmark, but there is no guarantee of success.
Expense Ratio: 0.39
Liquidity
Average Trading Volume
Average trading volume is relatively low compared to larger, more established municipal bond ETFs.
Bid-Ask Spread
The bid-ask spread may be wider than that of more liquid municipal bond ETFs, increasing trading costs.
Market Dynamics
Market Environment Factors
Interest rate movements, credit spreads, and changes in tax policy can all affect the performance of municipal bonds and the ETF.
Growth Trajectory
The ETF's growth trajectory depends on its ability to attract assets and deliver competitive returns. Actively managed funds in general are seeing increased competition.
Moat and Competitive Advantages
Competitive Edge
The Overlay Shares Municipal Bond ETF's competitive edge lies in its active management strategy, which aims to identify undervalued municipal bonds and capitalize on market inefficiencies. This approach allows for potential outperformance compared to passive index-tracking funds. However, this also leads to higher costs, that investors need to consider to see if outperformance can occur after accounting for them. The fund's management team's experience and expertise in fixed income investing are also key to its success.
Risk Analysis
Volatility
Volatility can vary depending on market conditions and the specific bonds held in the portfolio. Municipal bonds are generally considered less volatile than stocks.
Market Risk
Market risk includes the potential for interest rate increases, credit downgrades, and changes in investor sentiment. State and local economic conditions can affect the creditworthiness of municipal bonds.
Investor Profile
Ideal Investor Profile
The ideal investor is one seeking tax-exempt income and willing to pay a higher expense ratio for active management. They also understand the risks associated with municipal bond investing.
Market Risk
The ETF may be suitable for long-term investors seeking tax-advantaged income and are willing to bear the risks associated with the municipal bond market. It is less suitable for active traders due to potential illiquidity and wider bid/ask spreads.
Summary
The Overlay Shares Municipal Bond ETF is an actively managed fund that aims to provide tax-exempt income by investing in municipal bonds. Its active management strategy seeks to outperform the benchmark, but investors need to consider the higher expense ratio. Liquidity may be lower compared to larger, passive municipal bond ETFs. It is suitable for long-term investors seeking tax-advantaged income and willing to bear some additional risks associated with active management and lower liquidity.
Peer Comparison
Sources and Disclaimers
Data Sources:
- ETF provider website
- Financial data providers
Disclaimers:
This analysis is for informational purposes only and does not constitute investment advice. Consult with a qualified financial advisor before making any investment decisions. Performance data is not guaranteed and past performance is not indicative of future results.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Overlay Shares Municipal Bond ETF
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
The fund is an actively-managed exchange-traded fund (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 investment grade municipal bonds and below investment grade municipal bonds 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.
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