ERShares Private-Public Crossover ETF (NASDAQ:XOVR) Sees Strong Trading Volume – Here’s Why

Shares of ERShares Private-Public Crossover ETF (NASDAQ:XOVR) saw unusually-high trading volume on Tuesday . Approximately 1,571,511 shares were traded during mid-day trading, a decline of 28% from the previous session’s volume of 2,193,307 shares.The stock last traded at $20.78 and had previously closed at $20.26.

ERShares Private-Public Crossover ETF Stock Down 3.2%

The firm has a market cap of $1.05 billion, a PE ratio of 36.57 and a beta of 1.27. The stock’s fifty day simple moving average is $18.61 and its two-hundred day simple moving average is $18.78.

Institutional Investors Weigh In On ERShares Private-Public Crossover ETF

A number of institutional investors have recently made changes to their positions in XOVR. NewEdge Advisors LLC grew its holdings in shares of ERShares Private-Public Crossover ETF by 66.9% during the first quarter. NewEdge Advisors LLC now owns 26,200 shares of the company’s stock valued at $418,000 after buying an additional 10,500 shares during the last quarter. Raymond James Financial Inc. grew its holdings in shares of ERShares Private-Public Crossover ETF by 13.0% during the second quarter. Raymond James Financial Inc. now owns 175,764 shares of the company’s stock valued at $3,355,000 after buying an additional 20,235 shares during the last quarter. Truist Financial Corp grew its holdings in shares of ERShares Private-Public Crossover ETF by 7.4% during the third quarter. Truist Financial Corp now owns 43,899 shares of the company’s stock valued at $927,000 after buying an additional 3,014 shares during the last quarter. Oppenheimer & Co. Inc. grew its holdings in shares of ERShares Private-Public Crossover ETF by 16.2% during the third quarter. Oppenheimer & Co. Inc. now owns 60,935 shares of the company’s stock valued at $1,287,000 after buying an additional 8,501 shares during the last quarter. Finally, Onyx Bridge Wealth Group LLC grew its holdings in shares of ERShares Private-Public Crossover ETF by 9.3% during the third quarter. Onyx Bridge Wealth Group LLC now owns 15,032 shares of the company’s stock valued at $317,000 after buying an additional 1,285 shares during 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.