Short Interest in ERShares Private-Public Crossover ETF (NASDAQ:XOVR) Grows By 509.9%

ERShares Private-Public Crossover ETF (NASDAQ:XOVR) saw a significant increase in short interest in the month of 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. Approximately 7.3% of the company’s shares are sold short. Based on an average trading volume of 8,063,034 shares, the days-to-cover ratio is currently 0.5 days.

ERShares Private-Public Crossover ETF Price Performance

Shares of XOVR stock opened at $19.87 on Wednesday. The stock has a market capitalization of $1.07 billion, a PE ratio of 36.57 and a beta of 1.27. The business’s 50 day simple moving average is $18.68 and its 200 day simple moving average is $18.78. ERShares Private-Public Crossover ETF has a one year low of $16.37 and a one year high of $21.78.

Institutional Investors Weigh In On ERShares Private-Public Crossover ETF

Institutional investors have recently modified their holdings of the company. Waverly Advisors LLC increased its position in shares of ERShares Private-Public Crossover ETF by 105.8% during the first quarter. Waverly Advisors LLC now owns 64,851 shares of the company’s stock worth $1,095,000 after buying an additional 33,344 shares during the period. Cetera Investment Advisers raised its stake 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 worth $2,177,000 after buying an additional 30,595 shares during the last quarter. Sharpepoint LLC lifted its holdings in ERShares Private-Public Crossover ETF by 185.9% in the first quarter. Sharpepoint LLC now owns 38,752 shares of the company’s stock valued at $655,000 after buying an additional 25,197 shares during the period. Chicago Partners Investment Group LLC acquired a new position in ERShares Private-Public Crossover ETF in the first quarter valued at $204,000. Finally, Kestra Advisory Services LLC boosted its position in ERShares Private-Public Crossover ETF by 112.3% during the first quarter. Kestra Advisory Services LLC now owns 10,302 shares of the company’s stock valued at $174,000 after acquiring an additional 5,450 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.