ERShares Private-Public Crossover ETF (NASDAQ:XOVR) Trading Down 1.9% – What’s Next?

ERShares Private-Public Crossover ETF (NASDAQ:XOVR) traded down 1.9% on Thursday . The company traded as low as $16.40 and last traded at $16.41. 205,771 shares were traded during mid-day trading, a decline of 19% from the average session volume of 253,281 shares. The stock had previously closed at $16.72.

ERShares Private-Public Crossover ETF Trading Down 1.9 %

The firm has a market capitalization of $303.59 million, a price-to-earnings ratio of 35.73 and a beta of 1.11. The company has a 50-day moving average of $17.96 and a 200-day moving average of $17.59.

Hedge Funds Weigh In On ERShares Private-Public Crossover ETF

Several institutional investors have recently modified their holdings of XOVR. GTS Securities LLC lifted its position in ERShares Private-Public Crossover ETF by 121.9% in the 4th quarter. GTS Securities LLC now owns 49,564 shares of the company’s stock valued at $893,000 after purchasing an additional 27,227 shares during the last quarter. Bank of America Corp DE acquired a new stake in shares of ERShares Private-Public Crossover ETF in the fourth quarter valued at approximately $119,000. Jane Street Group LLC acquired a new stake in shares of ERShares Private-Public Crossover ETF in the fourth quarter valued at approximately $1,469,000. Stifel Financial Corp bought a new stake in shares of ERShares Private-Public Crossover ETF during the fourth quarter valued at approximately $275,000. Finally, NewEdge Advisors LLC acquired a new position in shares of ERShares Private-Public Crossover ETF during the fourth quarter worth approximately $283,000.

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.