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

ERShares Private-Public Crossover ETF (NASDAQ:XOVR) saw a significant decline in short interest in the month of June. As of June 30th, there was short interest totaling 2,270,830 shares, a decline of 73.9% from the June 15th total of 8,690,418 shares. Based on an average trading volume of 6,482,397 shares, the days-to-cover ratio is currently 0.4 days. Approximately 2.3% of the shares of the company are short sold.

ERShares Private-Public Crossover ETF Price Performance

XOVR opened at $20.25 on Tuesday. The firm has a fifty day moving average price of $19.99 and a 200 day moving average price of $18.88. ERShares Private-Public Crossover ETF has a 1 year low of $16.37 and a 1 year high of $21.78. The stock has a market cap of $2.02 billion, a P/E ratio of 36.57 and a beta of 1.26.

Institutional Trading of ERShares Private-Public Crossover ETF

Several institutional investors have recently bought and sold shares of XOVR. Jain Global LLC purchased a new position in shares of ERShares Private-Public Crossover ETF during the 4th quarter valued at approximately $40,280,000. Raymond James Financial Inc. raised 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 purchasing an additional 486,325 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in ERShares Private-Public Crossover ETF by 18,834.4% in the 4th quarter. Farther Finance Advisors LLC now owns 238,574 shares of the company’s stock valued at $4,805,000 after buying an additional 237,314 shares in the last quarter. LPL Financial LLC increased its stake 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 worth $3,227,000 after buying an additional 79,368 shares in the last quarter. Finally, Cetera Investment Advisers raised its holdings in shares of 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.

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.