ERShares Private-Public Crossover ETF (NASDAQ:XOVR) Short Interest Down 45.0% in May

ERShares Private-Public Crossover ETF (NASDAQ:XOVR) saw a large decrease in short interest during the month of May. As of May 15th, there was short interest totaling 640,820 shares, a decrease of 45.0% from the April 30th total of 1,164,882 shares. Currently, 1.2% of the shares of the company are short sold. Based on an average daily trading volume, of 2,343,605 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Investors Weigh In On ERShares Private-Public Crossover ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Ransom Advisory Ltd acquired a new stake in shares of ERShares Private-Public Crossover ETF during the 4th quarter valued at approximately $30,000. Creative Financial Designs Inc. ADV purchased a new stake in shares of ERShares Private-Public Crossover ETF in the 4th quarter worth about $36,000. Allworth Financial LP purchased a new stake in shares of ERShares Private-Public Crossover ETF in the 4th quarter worth about $40,000. Group One Trading LLC boosted its position in shares of ERShares Private-Public Crossover ETF by 2,542.0% in the 3rd quarter. Group One Trading LLC now owns 2,642 shares of the company’s stock worth $56,000 after buying an additional 2,542 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC raised its holdings in shares of ERShares Private-Public Crossover ETF by 28.1% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,058 shares of the company’s stock worth $62,000 after acquiring an additional 670 shares during the last quarter.

ERShares Private-Public Crossover ETF Stock Performance

ERShares Private-Public Crossover ETF stock traded up $0.31 during trading hours on Thursday, reaching $20.38. 1,922,563 shares of the stock were exchanged, compared to its average volume of 2,031,793. The stock has a market cap of $1.09 billion, a P/E ratio of 36.57 and a beta of 1.26. ERShares Private-Public Crossover ETF has a 52-week low of $16.37 and a 52-week high of $21.78. The firm’s 50 day moving average is $18.43 and its 200 day moving average is $18.78.

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.