ERShares Private-Public Crossover ETF (NASDAQ:XOVR) Stock Short Interest Falls 48.8%

ERShares Private-Public Crossover ETF (NASDAQ:XOVR) saw a significant drop in short interest in the month of September. As of September 30th, there was short interest totaling 690,976 shares, a drop of 48.8% from the September 15th total of 1,349,591 shares. Based on an average trading volume of 699,563 shares, the days-to-cover ratio is presently 1.0 days. Currently, 1.0% of the shares of the stock are sold short.

ERShares Private-Public Crossover ETF Trading Down 0.6%

Shares of NASDAQ XOVR opened at $21.85 on Wednesday. ERShares Private-Public Crossover ETF has a 12 month low of $16.37 and a 12 month high of $22.81. The firm has a market capitalization of $1.53 billion, a price-to-earnings ratio of 36.57 and a beta of 1.27. The business has a 50-day moving average of $20.91 and a 200-day moving average of $19.80.

Institutional Investors Weigh In On ERShares Private-Public Crossover ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Allworth Financial LP increased its position in ERShares Private-Public Crossover ETF by 29.4% during the 2nd quarter. Allworth Financial LP now owns 2,588 shares of the company’s stock valued at $54,000 after buying an additional 588 shares in the last quarter. TD Waterhouse Canada Inc. lifted its stake in ERShares Private-Public Crossover ETF by 564.2% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 2,823 shares of the company’s stock valued at $60,000 after acquiring an additional 2,398 shares during the period. Continuum Advisory LLC bought a new position in ERShares Private-Public Crossover ETF during the second quarter valued at approximately $60,000. Corient Private Wealth LP bought a new position in shares of ERShares Private-Public Crossover ETF during the 2nd quarter valued at $201,000. Finally, Aljian Capital Management LLC purchased a new position in ERShares Private-Public Crossover ETF in the first quarter worth about $170,000.

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.