ERShares Private-Public Crossover ETF (NASDAQ:XOVR) Sees Large Drop in Short Interest

ERShares Private-Public Crossover ETF (NASDAQ:XOVR) was the recipient of a significant drop in short interest in January. As of January 30th, there was short interest totaling 213,051 shares, a drop of 73.0% from the January 15th total of 790,375 shares. Based on an average daily volume of 780,124 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.3% of the shares of the stock are sold short. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily volume of 780,124 shares, the days-to-cover ratio is currently 0.3 days.

Hedge Funds Weigh In On ERShares Private-Public Crossover ETF

Institutional investors have recently bought and sold shares of the stock. Farther Finance Advisors LLC lifted its stake in ERShares Private-Public Crossover ETF by 189.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,260 shares of the company’s stock worth $27,000 after purchasing an additional 824 shares in the last quarter. Ransom Advisory Ltd purchased a new position in shares of ERShares Private-Public Crossover ETF during the fourth quarter valued at about $30,000. Atlantic Union Bankshares Corp bought a new stake in shares of ERShares Private-Public Crossover ETF in the second quarter worth about $29,000. Creative Financial Designs Inc. ADV purchased a new stake in shares of ERShares Private-Public Crossover ETF in the fourth quarter worth about $36,000. Finally, Allworth Financial LP bought a new position in ERShares Private-Public Crossover ETF during the fourth quarter valued at approximately $40,000.

ERShares Private-Public Crossover ETF Price Performance

XOVR stock opened at $18.05 on Wednesday. ERShares Private-Public Crossover ETF has a 1-year low of $13.92 and a 1-year high of $21.78. The company has a market capitalization of $1.49 billion, a price-to-earnings ratio of 36.57 and a beta of 1.23. The business has a 50 day simple moving average of $19.70 and a two-hundred day simple moving average of $20.16.

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.