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

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

ERShares Private-Public Crossover ETF Stock Performance

NASDAQ:XOVR traded down $0.34 during mid-day trading on Wednesday, reaching $20.07. The stock had a trading volume of 4,570,356 shares, compared to its average volume of 2,016,240. The business has a 50 day simple moving average of $18.30 and a 200 day simple moving average of $18.78. ERShares Private-Public Crossover ETF has a twelve month low of $16.37 and a twelve month high of $21.78. The firm has a market capitalization of $1.08 billion, a price-to-earnings ratio of 36.57 and a beta of 1.26.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. IMC Chicago LLC acquired a new position in shares of ERShares Private-Public Crossover ETF in the third quarter worth $84,944,000. Jain Global LLC purchased a new stake in ERShares Private-Public Crossover ETF in the fourth quarter valued at approximately $40,280,000. Raymond James Financial Inc. increased its holdings 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 buying an additional 486,325 shares during the last quarter. Farther Finance Advisors LLC increased its stake in ERShares Private-Public Crossover ETF by 18,834.4% during 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 during the last quarter. Finally, LPL Financial LLC raised its holdings in ERShares Private-Public Crossover ETF by 98.2% in the fourth quarter. LPL Financial LLC now owns 160,209 shares of the company’s stock valued at $3,227,000 after buying an additional 79,368 shares during the period.

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.