ERShares Private-Public Crossover ETF (NASDAQ:XOVR) Sees Large Drop in Short Interest

ERShares Private-Public Crossover ETF (NASDAQ:XOVR) was the target of a significant decrease in short interest during the month of April. As of April 30th, there was short interest totaling 1,164,882 shares, a decrease of 67.6% from the April 15th total of 3,591,721 shares. Based on an average daily volume of 3,176,429 shares, the short-interest ratio is presently 0.4 days. Approximately 2.2% of the company’s shares are sold short.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in XOVR. IMC Chicago LLC bought a new stake in ERShares Private-Public Crossover ETF during the 3rd quarter valued at approximately $84,944,000. Jain Global LLC bought a new position in shares of ERShares Private-Public Crossover ETF during the 4th quarter worth approximately $40,280,000. Raymond James Financial Inc. lifted its position in shares of ERShares Private-Public Crossover ETF by 276.7% during the 3rd quarter. Raymond James Financial Inc. now owns 662,089 shares of the company’s stock worth $13,983,000 after buying an additional 486,325 shares during the period. Farther Finance Advisors LLC increased its holdings in ERShares Private-Public Crossover ETF by 18,834.4% during the 4th quarter. Farther Finance Advisors LLC now owns 238,574 shares of the company’s stock valued at $4,805,000 after purchasing an additional 237,314 shares in the last quarter. Finally, LPL Financial LLC increased its holdings in ERShares Private-Public Crossover ETF by 98.2% during the 4th quarter. LPL Financial LLC now owns 160,209 shares of the company’s stock valued at $3,227,000 after purchasing an additional 79,368 shares in the last quarter.

ERShares Private-Public Crossover ETF Price Performance

ERShares Private-Public Crossover ETF stock traded up $0.13 during mid-day trading on Friday, hitting $19.30. The company’s stock had a trading volume of 2,852,367 shares, compared to its average volume of 1,305,016. The firm’s 50 day moving average is $17.78 and its 200 day moving average is $18.90. The company has a market cap of $1.03 billion, a PE ratio of 36.57 and a beta of 1.26. ERShares Private-Public Crossover ETF has a 52-week low of $16.37 and a 52-week 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.