Short Interest in ERShares Private-Public Crossover ETF (NASDAQ:XOVR) Rises By 219.6%

ERShares Private-Public Crossover ETF (NASDAQ:XOVR) saw a large growth in short interest in December. As of December 15th, there was short interest totaling 219,974 shares, a growth of 219.6% from the November 30th total of 68,822 shares. Approximately 1.1% of the company’s stock are short sold. Based on an average daily volume of 797,785 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily volume of 797,785 shares, the days-to-cover ratio is currently 0.3 days. Approximately 1.1% of the company’s stock are short sold.

ERShares Private-Public Crossover ETF Stock Performance

XOVR stock opened at $20.44 on Friday. The company has a market cap of $410.44 million, a P/E ratio of 36.57 and a beta of 1.23. ERShares Private-Public Crossover ETF has a fifty-two week low of $13.92 and a fifty-two week high of $21.78. The stock’s 50 day simple moving average is $20.35 and its 200 day simple moving average is $20.03.

Hedge Funds Weigh In On ERShares Private-Public Crossover ETF

Large investors have recently added to or reduced their stakes in the business. IMC Chicago LLC purchased a new stake in ERShares Private-Public Crossover ETF during the third quarter valued at about $84,944,000. Raymond James Financial Inc. lifted its stake in shares of ERShares Private-Public Crossover ETF by 276.7% in the 3rd 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. Fortress Wealth Management Inc. boosted its holdings in ERShares Private-Public Crossover ETF by 1.6% during the 2nd quarter. Fortress Wealth Management Inc. now owns 240,828 shares of the company’s stock valued at $4,597,000 after acquiring an additional 3,753 shares during the period. Cetera Investment Advisers grew its position in ERShares Private-Public Crossover ETF by 62.8% during the 2nd quarter. Cetera Investment Advisers now owns 75,497 shares of the company’s stock worth $1,441,000 after acquiring an additional 29,125 shares during the last quarter. Finally, Oppenheimer & Co. Inc. grew its position in ERShares Private-Public Crossover ETF by 16.2% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 60,935 shares of the company’s stock worth $1,287,000 after acquiring an additional 8,501 shares during the last quarter.

ERShares Private-Public Crossover ETF Company Profile

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.