Short Interest in ERShares Private-Public Crossover ETF (NASDAQ:XOVR) Declines By 73.0%

ERShares Private-Public Crossover ETF (NASDAQ:XOVR) was the target of a significant decrease in short interest in the month of January. As of January 30th, there was short interest totaling 213,051 shares, a decrease of 73.0% from the January 15th total of 790,375 shares. Based on an average daily trading volume, of 780,124 shares, the short-interest ratio is presently 0.3 days. Approximately 0.3% of the company’s shares are short sold. Approximately 0.3% of the company’s shares are short sold. Based on an average daily trading volume, of 780,124 shares, the short-interest ratio is presently 0.3 days.

Hedge Funds Weigh In On ERShares Private-Public Crossover ETF

Several institutional investors have recently modified their holdings of the stock. Farther Finance Advisors LLC raised its position in shares of ERShares Private-Public Crossover ETF by 189.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,260 shares of the company’s stock valued at $27,000 after acquiring an additional 824 shares during the period. Atlantic Union Bankshares Corp bought a new stake in ERShares Private-Public Crossover ETF in the second quarter valued at approximately $29,000. Ransom Advisory Ltd acquired a new stake in ERShares Private-Public Crossover ETF in the fourth quarter worth $30,000. Creative Financial Designs Inc. ADV bought a new position in shares of ERShares Private-Public Crossover ETF during the fourth quarter worth $36,000. Finally, Allworth Financial LP bought a new position in shares of ERShares Private-Public Crossover ETF during the fourth quarter worth $40,000.

ERShares Private-Public Crossover ETF Stock Down 3.3%

NASDAQ:XOVR opened at $17.04 on Friday. ERShares Private-Public Crossover ETF has a 12-month low of $13.92 and a 12-month high of $21.78. The stock’s fifty day simple moving average is $19.59 and its 200-day simple moving average is $20.12. The firm has a market capitalization of $1.41 billion, a P/E ratio of 36.57 and a beta of 1.23.

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.