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

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

ERShares Private-Public Crossover ETF Stock Performance

NASDAQ XOVR traded up $0.14 on Tuesday, hitting $20.58. The stock had a trading volume of 6,887,338 shares, compared to its average volume of 1,950,689. 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 capitalization of $1.10 billion, a price-to-earnings ratio of 36.57 and a beta of 1.26. The firm has a 50-day moving average of $18.30 and a 200-day moving average of $18.78.

Institutional Trading of ERShares Private-Public Crossover ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. Ransom Advisory Ltd purchased a new stake in ERShares Private-Public Crossover ETF during the fourth quarter valued at about $30,000. Creative Financial Designs Inc. ADV purchased a new stake in ERShares Private-Public Crossover ETF during the fourth quarter valued at about $36,000. Allworth Financial LP purchased a new stake in ERShares Private-Public Crossover ETF during the fourth quarter valued at about $40,000. Group One Trading LLC raised its position in ERShares Private-Public Crossover ETF by 2,542.0% during 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 in the last quarter. Finally, Steward Partners Investment Advisory LLC raised its position in ERShares Private-Public Crossover ETF by 28.1% during the fourth 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 in the last quarter.

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.