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

ERShares Private-Public Crossover ETF (NASDAQ:XOVR) was the target of a large drop in short interest during the month of September. As of September 30th, there was short interest totaling 690,976 shares, a drop of 48.8% from the September 15th total of 1,349,591 shares. Based on an average daily volume of 699,563 shares, the short-interest ratio is presently 1.0 days. Currently, 1.0% of the company’s stock are short sold.

ERShares Private-Public Crossover ETF Trading Down 2.7%

ERShares Private-Public Crossover ETF stock opened at $21.25 on Thursday. The firm has a market cap of $1.48 billion, a price-to-earnings ratio of 36.57 and a beta of 1.27. The stock has a fifty day simple moving average of $20.95 and a two-hundred day simple moving average of $19.83. ERShares Private-Public Crossover ETF has a 12 month low of $16.37 and a 12 month high of $22.81.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. NewEdge Advisors LLC increased its holdings in ERShares Private-Public Crossover ETF by 215.7% in the 2nd quarter. NewEdge Advisors LLC now owns 80,052 shares of the company’s stock worth $1,685,000 after buying an additional 54,696 shares in the last quarter. Integrated Wealth Concepts LLC bought a new position in ERShares Private-Public Crossover ETF during the 2nd quarter valued at about $848,000. Total Clarity Wealth Management Inc. bought a new position in ERShares Private-Public Crossover ETF during the 1st quarter valued at about $647,000. Concurrent Investment Advisors LLC bought a new position in ERShares Private-Public Crossover ETF during the 2nd quarter valued at about $1,484,000. Finally, HBK Investments L P bought a new position in ERShares Private-Public Crossover ETF during the 2nd quarter valued at about $3,167,000.

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.