Short Interest in ERShares Private-Public Crossover ETF (NASDAQ:XOVR) Grows By 43.1%

ERShares Private-Public Crossover ETF (NASDAQ:XOVR) was the target of a significant increase in short interest in the month of February. As of February 27th, there was short interest totaling 991,893 shares, an increase of 43.1% from the February 12th total of 693,156 shares. Approximately 1.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 547,644 shares, the days-to-cover ratio is currently 1.8 days. Based on an average daily trading volume, of 547,644 shares, the days-to-cover ratio is currently 1.8 days. Approximately 1.2% of the shares of the stock are short sold.

ERShares Private-Public Crossover ETF Stock Down 0.5%

Shares of XOVR stock opened at $17.22 on Friday. The stock has a 50-day simple moving average of $18.43 and a 200 day simple moving average of $19.78. The stock has a market capitalization of $1.42 billion, a P/E ratio of 36.57 and a beta of 1.23. ERShares Private-Public Crossover ETF has a fifty-two week low of $13.92 and a fifty-two week high of $21.78.

Hedge Funds Weigh In On ERShares Private-Public Crossover ETF

Several large investors have recently made changes to their positions in XOVR. Farther Finance Advisors LLC grew its position in ERShares Private-Public Crossover ETF by 189.0% in the third quarter. Farther Finance Advisors LLC now owns 1,260 shares of the company’s stock worth $27,000 after buying an additional 824 shares during the last quarter. Ransom Advisory Ltd acquired a new stake in shares of ERShares Private-Public Crossover ETF during the 4th quarter valued at $30,000. Creative Financial Designs Inc. ADV bought a new stake in shares of ERShares Private-Public Crossover ETF during the 4th quarter worth $36,000. Allworth Financial LP bought a new stake in shares of ERShares Private-Public Crossover ETF during the 4th quarter worth $40,000. Finally, CWM LLC grew its holdings in shares of ERShares Private-Public Crossover ETF by 58.0% in the 3rd quarter. CWM LLC now owns 2,146 shares of the company’s stock worth $45,000 after acquiring an additional 788 shares during the last quarter.

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.