Short Interest in ERShares Private-Public Crossover ETF (NASDAQ:XOVR) Increases By 159.9%

ERShares Private-Public Crossover ETF (NASDAQ:XOVR) was the target of a large increase in short interest in September. As of September 15th, there was short interest totaling 447,100 shares, an increase of 159.9% from the August 31st total of 172,000 shares. Based on an average trading volume of 227,800 shares, the days-to-cover ratio is presently 2.0 days. Based on an average trading volume of 227,800 shares, the days-to-cover ratio is presently 2.0 days.

ERShares Private-Public Crossover ETF Stock Performance

XOVR opened at $21.09 on Friday. ERShares Private-Public Crossover ETF has a one year low of $13.92 and a one year high of $21.44. The stock has a market capitalization of $490.76 million, a P/E ratio of 36.57 and a beta of 1.16. The business’s 50-day simple moving average is $20.27 and its 200-day simple moving average is $18.46.

Institutional Investors Weigh In On ERShares Private-Public Crossover ETF

A number of institutional investors have recently added to or reduced their stakes in XOVR. Nations Financial Group Inc. IA ADV acquired a new stake in ERShares Private-Public Crossover ETF in the first quarter valued at $1,033,000. Cetera Investment Advisers purchased a new position in shares of ERShares Private-Public Crossover ETF in the 1st quarter valued at about $740,000. AE Wealth Management LLC acquired a new stake in shares of ERShares Private-Public Crossover ETF in the second quarter valued at about $705,000. Whalen Wealth Management Inc. purchased a new stake in ERShares Private-Public Crossover ETF during the second quarter worth about $571,000. Finally, Apollon Wealth Management LLC acquired a new position in ERShares Private-Public Crossover ETF during the second quarter worth about $524,000.

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.