Short Interest in ERShares Private-Public Crossover ETF (NASDAQ:XOVR) Decreases By 44.0%

ERShares Private-Public Crossover ETF (NASDAQ:XOVR) was the target of a significant decline in short interest in July. As of July 15th, there was short interest totaling 1,271,605 shares, a decline of 44.0% from the June 30th total of 2,270,830 shares. Based on an average trading volume of 2,182,299 shares, the days-to-cover ratio is presently 0.6 days. Currently, 1.3% of the company’s stock are short sold.

ERShares Private-Public Crossover ETF Stock Performance

Shares of NASDAQ XOVR opened at $18.47 on Thursday. The firm’s 50 day moving average price is $20.05 and its 200-day moving average price is $18.78. ERShares Private-Public Crossover ETF has a 52-week low of $16.37 and a 52-week high of $21.78. The company has a market cap of $1.76 billion, a PE ratio of 36.57 and a beta of 1.26.

Hedge Funds Weigh In On ERShares Private-Public Crossover ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Wealthcare Advisory Partners LLC increased its position in ERShares Private-Public Crossover ETF by 1.7% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 35,434 shares of the company’s stock valued at $714,000 after acquiring an additional 597 shares during the last quarter. Steward Partners Investment Advisory LLC grew its stake in shares of ERShares Private-Public Crossover ETF by 28.1% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,058 shares of the company’s stock valued at $62,000 after purchasing an additional 670 shares during the period. Essex Financial Services Inc. increased its position in shares of ERShares Private-Public Crossover ETF by 9.5% during the 4th quarter. Essex Financial Services Inc. now owns 11,395 shares of the company’s stock valued at $229,000 after purchasing an additional 992 shares during the last quarter. Onyx Bridge Wealth Group LLC increased its position in shares of ERShares Private-Public Crossover ETF by 7.8% during the 4th quarter. Onyx Bridge Wealth Group LLC now owns 16,208 shares of the company’s stock valued at $326,000 after purchasing an additional 1,176 shares during the last quarter. Finally, World Investment Advisors lifted its stake in shares of ERShares Private-Public Crossover ETF by 6.8% in the 4th quarter. World Investment Advisors now owns 18,634 shares of the company’s stock worth $375,000 after purchasing an additional 1,189 shares during the period.

ERShares Private-Public Crossover ETF Company Profile

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.