ERShares Private-Public Crossover ETF (NASDAQ:XOVR) Short Interest Up 509.9% in May

ERShares Private-Public Crossover ETF (NASDAQ:XOVR) saw a large increase in short interest in May. As of May 29th, there was short interest totaling 3,908,308 shares, an increase of 509.9% from the May 14th total of 640,820 shares. Based on an average daily volume of 8,063,034 shares, the short-interest ratio is presently 0.5 days. Approximately 7.3% of the company’s shares are sold short.

ERShares Private-Public Crossover ETF Price Performance

NASDAQ XOVR opened at $19.87 on Wednesday. The stock has a market capitalization of $1.07 billion, a P/E ratio of 36.57 and a beta of 1.27. The business has a 50 day simple moving average of $18.68 and a 200 day simple moving average of $18.78. ERShares Private-Public Crossover ETF has a one year low of $16.37 and a one year high of $21.78.

Institutional Trading of ERShares Private-Public Crossover ETF

Several large investors have recently modified their holdings of the stock. NewEdge Advisors LLC increased its stake in shares of ERShares Private-Public Crossover ETF by 66.9% in the 1st quarter. NewEdge Advisors LLC now owns 26,200 shares of the company’s stock valued at $418,000 after acquiring an additional 10,500 shares in the last quarter. Raymond James Financial Inc. boosted its stake in ERShares Private-Public Crossover ETF by 13.0% during the second quarter. Raymond James Financial Inc. now owns 175,764 shares of the company’s stock worth $3,355,000 after acquiring an additional 20,235 shares in the last quarter. Truist Financial Corp grew its holdings in ERShares Private-Public Crossover ETF by 7.4% in the third quarter. Truist Financial Corp now owns 43,899 shares of the company’s stock worth $927,000 after purchasing an additional 3,014 shares during the period. Oppenheimer & Co. Inc. grew its holdings in ERShares Private-Public Crossover ETF by 16.2% in the third quarter. Oppenheimer & Co. Inc. now owns 60,935 shares of the company’s stock worth $1,287,000 after purchasing an additional 8,501 shares during the period. Finally, Onyx Bridge Wealth Group LLC increased its stake in ERShares Private-Public Crossover ETF by 9.3% in the third quarter. Onyx Bridge Wealth Group LLC now owns 15,032 shares of the company’s stock valued at $317,000 after purchasing an additional 1,285 shares in the last quarter.

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.