Short Interest in ERShares Private-Public Crossover ETF (NASDAQ:XOVR) Drops By 44.0%

ERShares Private-Public Crossover ETF (NASDAQ:XOVR) was the target of a significant drop in short interest during the month of July. As of July 15th, there was short interest totaling 1,271,605 shares, a drop of 44.0% from the June 30th total of 2,270,830 shares. Based on an average trading volume of 2,182,299 shares, the short-interest ratio is currently 0.6 days. Approximately 1.3% of the company’s shares are short sold.

Institutional Investors Weigh In On ERShares Private-Public Crossover ETF

A number of hedge funds have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC grew its stake in shares of ERShares Private-Public Crossover ETF by 18,834.4% in the fourth quarter. Farther Finance Advisors LLC now owns 238,574 shares of the company’s stock worth $4,805,000 after acquiring an additional 237,314 shares in the last quarter. Tempus Wealth Planning LLC purchased a new stake in shares of ERShares Private-Public Crossover ETF during the fourth quarter worth $604,000. Total Clarity Wealth Management Inc. acquired a new stake in shares of ERShares Private-Public Crossover ETF in the first quarter valued at $647,000. Catalyst Investment Management LLC acquired a new stake in shares of ERShares Private-Public Crossover ETF in the fourth quarter valued at $592,000. Finally, D.A. Davidson & CO. purchased a new position in ERShares Private-Public Crossover ETF in the fourth quarter valued at $1,542,000.

ERShares Private-Public Crossover ETF Stock Up 1.4%

NASDAQ:XOVR opened at $18.72 on Friday. ERShares Private-Public Crossover ETF has a 52 week low of $16.37 and a 52 week high of $21.78. The stock’s fifty day moving average is $20.04 and its two-hundred day moving average is $18.77. The stock has a market capitalization of $1.74 billion, a price-to-earnings ratio of 36.57 and a beta of 1.26.

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.