Short Interest in ERShares Private-Public Crossover ETF (NASDAQ:XOVR) Increases By 122.4%

ERShares Private-Public Crossover ETF (NASDAQ:XOVR) was the recipient of a significant growth in short interest in June. As of June 15th, there was short interest totaling 8,690,418 shares, a growth of 122.4% from the May 31st total of 3,908,308 shares. Currently, 16.2% of the shares of the stock are short sold. Based on an average trading volume of 12,055,954 shares, the days-to-cover ratio is presently 0.7 days.

Hedge Funds Weigh In On ERShares Private-Public Crossover ETF

A number of large investors have recently added to or reduced their stakes in XOVR. Wealthcare Advisory Partners LLC lifted its stake in ERShares Private-Public Crossover ETF by 1.7% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 35,434 shares of the company’s stock worth $714,000 after purchasing an additional 597 shares during the last quarter. Steward Partners Investment Advisory LLC grew its stake in shares of ERShares Private-Public Crossover ETF by 28.1% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,058 shares of the company’s stock valued at $62,000 after buying an additional 670 shares during the last quarter. Essex Financial Services Inc. grew its stake in shares of ERShares Private-Public Crossover ETF by 9.5% during the fourth quarter. Essex Financial Services Inc. now owns 11,395 shares of the company’s stock valued at $229,000 after buying an additional 992 shares during the last quarter. Onyx Bridge Wealth Group LLC increased its holdings in shares of ERShares Private-Public Crossover ETF by 7.8% in the fourth quarter. Onyx Bridge Wealth Group LLC now owns 16,208 shares of the company’s stock worth $326,000 after buying an additional 1,176 shares during the period. Finally, World Investment Advisors increased its holdings in shares of ERShares Private-Public Crossover ETF by 6.8% in the fourth quarter. World Investment Advisors now owns 18,634 shares of the company’s stock worth $375,000 after buying an additional 1,189 shares during the period.

ERShares Private-Public Crossover ETF Stock Performance

Shares of XOVR opened at $20.72 on Tuesday. ERShares Private-Public Crossover ETF has a fifty-two week low of $16.37 and a fifty-two week high of $21.78. The firm has a market cap of $1.11 billion, a price-to-earnings ratio of 36.57 and a beta of 1.27. The firm has a 50 day moving average price of $19.51 and a 200-day moving average price of $18.82.

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.