ERShares Private-Public Crossover ETF (NASDAQ:XOVR) Short Interest Update

ERShares Private-Public Crossover ETF (NASDAQ:XOVR) was the target of a significant increase in short interest in May. As of May 29th, there was short interest totaling 3,908,308 shares, an increase of 509.9% from the May 14th total of 640,820 shares. Currently, 7.3% of the company’s stock are short sold. Based on an average daily volume of 8,063,034 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Investors Weigh In On ERShares Private-Public Crossover ETF

A number of institutional investors have recently modified their holdings of the stock. Jain Global LLC purchased a new stake in shares of ERShares Private-Public Crossover ETF in the fourth quarter worth $40,280,000. Raymond James Financial Inc. increased its position in ERShares Private-Public Crossover ETF by 276.7% during the third quarter. Raymond James Financial Inc. now owns 662,089 shares of the company’s stock valued at $13,983,000 after acquiring an additional 486,325 shares during the last quarter. Farther Finance Advisors LLC increased its position in ERShares Private-Public Crossover ETF by 18,834.4% during the fourth quarter. Farther Finance Advisors LLC now owns 238,574 shares of the company’s stock valued at $4,805,000 after acquiring an additional 237,314 shares during the last quarter. LPL Financial LLC increased its position in ERShares Private-Public Crossover ETF by 98.2% during the fourth quarter. LPL Financial LLC now owns 160,209 shares of the company’s stock valued at $3,227,000 after acquiring an additional 79,368 shares during the last quarter. Finally, Cetera Investment Advisers increased its position in ERShares Private-Public Crossover ETF by 31.1% during the first quarter. Cetera Investment Advisers now owns 128,874 shares of the company’s stock valued at $2,177,000 after acquiring an additional 30,595 shares during the last quarter.

ERShares Private-Public Crossover ETF Trading Down 0.3%

XOVR traded down $0.07 during trading on Friday, reaching $20.03. The stock had a trading volume of 24,570,273 shares, compared to its average volume of 2,644,690. The stock’s 50 day moving average is $18.81 and its two-hundred day moving average is $18.80. The company has a market capitalization of $1.07 billion, a price-to-earnings ratio of 36.57 and a beta of 1.27. ERShares Private-Public Crossover ETF has a one year low of $16.37 and a one 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.