ERShares Private-Public Crossover ETF (NASDAQ:XOVR) Short Interest Update

ERShares Private-Public Crossover ETF (NASDAQ:XOVR) was the target of a significant increase in short interest in the month of April. As of April 15th, there was short interest totaling 3,591,721 shares, an increase of 97.6% from the March 31st total of 1,817,224 shares. Based on an average daily volume of 1,858,236 shares, the days-to-cover ratio is presently 1.9 days. Approximately 8.5% of the company’s stock are sold short.

ERShares Private-Public Crossover ETF Stock Performance

NASDAQ XOVR opened at $18.77 on Monday. The firm has a 50 day simple moving average of $17.45 and a 200-day simple moving average of $19.08. ERShares Private-Public Crossover ETF has a one year low of $16.00 and a one year high of $21.78. The firm has a market cap of $789.84 million, a price-to-earnings ratio of 36.57 and a beta of 1.26.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in XOVR. IMC Chicago LLC purchased a new position in shares of ERShares Private-Public Crossover ETF in the third quarter valued at approximately $84,944,000. Jain Global LLC purchased a new position in shares of ERShares Private-Public Crossover ETF in the fourth quarter valued at approximately $40,280,000. Raymond James Financial Inc. boosted its stake in shares of ERShares Private-Public Crossover ETF by 276.7% in the third quarter. Raymond James Financial Inc. now owns 662,089 shares of the company’s stock valued at $13,983,000 after purchasing an additional 486,325 shares during the period. Farther Finance Advisors LLC boosted its stake in shares of ERShares Private-Public Crossover ETF by 18,834.4% in the fourth quarter. Farther Finance Advisors LLC now owns 238,574 shares of the company’s stock valued at $4,805,000 after purchasing an additional 237,314 shares during the period. Finally, LPL Financial LLC boosted its stake in shares of ERShares Private-Public Crossover ETF by 98.2% in the fourth quarter. LPL Financial LLC now owns 160,209 shares of the company’s stock valued at $3,227,000 after purchasing an additional 79,368 shares during the period.

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.