ERShares Private-Public Crossover ETF (NASDAQ:XOVR – Get Free Report) saw a significant growth in short interest in May. As of May 29th, there was short interest totaling 3,908,308 shares, a growth of 509.9% from the May 14th total of 640,820 shares. Based on an average daily volume of 8,063,034 shares, the days-to-cover ratio is currently 0.5 days. Currently, 7.3% of the company’s stock are sold short.
Hedge Funds Weigh In On ERShares Private-Public Crossover ETF
Several institutional investors have recently bought and sold shares of the stock. Ransom Advisory Ltd bought a new position in shares of ERShares Private-Public Crossover ETF during the 4th quarter valued at approximately $30,000. Creative Financial Designs Inc. ADV bought a new position in shares of ERShares Private-Public Crossover ETF during the fourth quarter valued at approximately $36,000. Allworth Financial LP purchased a new stake in shares of ERShares Private-Public Crossover ETF in the fourth quarter worth approximately $40,000. Group One Trading LLC boosted its holdings in ERShares Private-Public Crossover ETF by 2,542.0% during the 3rd quarter. Group One Trading LLC now owns 2,642 shares of the company’s stock valued at $56,000 after acquiring an additional 2,542 shares during the period. Finally, Steward Partners Investment Advisory LLC grew its position in ERShares Private-Public Crossover ETF by 28.1% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,058 shares of the company’s stock valued at $62,000 after acquiring an additional 670 shares during the last quarter.
ERShares Private-Public Crossover ETF Stock Up 1.5%
Shares of XOVR opened at $19.85 on Thursday. The stock has a market cap of $1.06 billion, a P/E ratio of 36.57 and a beta of 1.27. The business’s 50 day moving average price is $18.74 and its 200-day moving average price is $18.79. ERShares Private-Public Crossover ETF has a 52 week low of $16.37 and a 52 week high of $21.78.
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.
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