ERShares Private-Public Crossover ETF (NASDAQ:XOVR) Short Interest Down 45.0% in May

ERShares Private-Public Crossover ETF (NASDAQ:XOVR) was the recipient of a significant decline in short interest during the month of May. As of May 15th, there was short interest totaling 640,820 shares, a decline of 45.0% from the April 30th total of 1,164,882 shares. Currently, 1.2% of the shares of the company are short sold. Based on an average trading volume of 2,343,605 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Trading of ERShares Private-Public Crossover ETF

A number of institutional investors have recently modified their holdings of the business. Waverly Advisors LLC lifted its stake in shares of ERShares Private-Public Crossover ETF by 105.8% during the 1st quarter. Waverly Advisors LLC now owns 64,851 shares of the company’s stock valued at $1,095,000 after buying an additional 33,344 shares in the last quarter. Cetera Investment Advisers lifted its stake in shares of ERShares Private-Public Crossover ETF by 31.1% during the 1st quarter. Cetera Investment Advisers now owns 128,874 shares of the company’s stock valued at $2,177,000 after buying an additional 30,595 shares in the last quarter. Sharpepoint LLC lifted its stake in shares of ERShares Private-Public Crossover ETF by 185.9% during the 1st quarter. Sharpepoint LLC now owns 38,752 shares of the company’s stock valued at $655,000 after buying an additional 25,197 shares in the last quarter. Chicago Partners Investment Group LLC purchased a new stake in shares of ERShares Private-Public Crossover ETF during the 1st quarter valued at approximately $204,000. Finally, Kestra Advisory Services LLC lifted its stake in shares of ERShares Private-Public Crossover ETF by 112.3% during the 1st quarter. Kestra Advisory Services LLC now owns 10,302 shares of the company’s stock valued at $174,000 after buying an additional 5,450 shares in the last quarter.

ERShares Private-Public Crossover ETF Trading Up 0.7%

Shares of XOVR stock traded up $0.14 during trading on Tuesday, reaching $20.58. 6,887,338 shares of the company’s stock traded hands, compared to its average volume of 1,950,689. The company has a market capitalization of $1.10 billion, a P/E ratio of 36.57 and a beta of 1.26. The firm’s 50-day moving average is $18.30 and its 200 day moving average is $18.78. ERShares Private-Public Crossover ETF has a 1 year low of $16.37 and a 1 year high of $21.78.

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.