ERShares Private-Public Crossover ETF (NASDAQ:XOVR) Sees Large Drop in Short Interest

ERShares Private-Public Crossover ETF (NASDAQ:XOVR) saw a large drop in short interest in June. As of June 30th, there was short interest totaling 2,270,830 shares, a drop of 73.9% from the June 15th total of 8,690,418 shares. Currently, 2.3% of the shares of the company are sold short. Based on an average daily volume of 6,482,397 shares, the short-interest ratio is currently 0.4 days.

Institutional Investors Weigh In On ERShares Private-Public Crossover ETF

A number of large investors have recently made changes to their positions in the stock. NewEdge Advisors LLC raised its stake in ERShares Private-Public Crossover ETF by 66.9% in the 1st quarter. NewEdge Advisors LLC now owns 26,200 shares of the company’s stock worth $418,000 after acquiring an additional 10,500 shares during the last quarter. Raymond James Financial Inc. grew its stake in ERShares Private-Public Crossover ETF by 13.0% during the 2nd quarter. Raymond James Financial Inc. now owns 175,764 shares of the company’s stock valued at $3,355,000 after purchasing an additional 20,235 shares during the last quarter. Group One Trading LLC increased its holdings in shares of ERShares Private-Public Crossover ETF by 2,542.0% in the third quarter. Group One Trading LLC now owns 2,642 shares of the company’s stock valued at $56,000 after purchasing an additional 2,542 shares during the period. SeaCrest Wealth Management LLC acquired a new position in shares of ERShares Private-Public Crossover ETF in the third quarter valued at about $266,000. Finally, Sharpepoint LLC raised its stake in shares of ERShares Private-Public Crossover ETF by 12.7% in the third quarter. Sharpepoint LLC now owns 12,250 shares of the company’s stock worth $259,000 after purchasing an additional 1,383 shares during the last quarter.

ERShares Private-Public Crossover ETF Price Performance

ERShares Private-Public Crossover ETF stock traded down $0.59 during mid-day trading on Monday, reaching $20.25. 2,735,185 shares of the company traded hands, compared to its average volume of 3,121,608. ERShares Private-Public Crossover ETF has a fifty-two week low of $16.37 and a fifty-two week high of $21.78. The company has a market capitalization of $2.02 billion, a price-to-earnings ratio of 36.57 and a beta of 1.26. The firm’s fifty day moving average is $19.99 and its two-hundred day moving average is $18.88.

About ERShares Private-Public Crossover ETF

The ERShares Private-Public Crossover ETF (XOVR) is an exchange-traded fund that is based on the Entrepreneur 30 index. The fund provides exposure to a narrow index of US large-cap growth stocks. The top 30 most entrepreneurial stocks, either public or private, are selected based on a proprietary measurement XOVR was launched on Nov 7, 2017 and is issued by ERShares.