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

ERShares Private-Public Crossover ETF (NASDAQ:XOVR)’s stock price traded down 1.9% during mid-day trading on Thursday . The company traded as low as $16.40 and last traded at $16.41. 205,771 shares changed hands 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 Price Performance

The company has a market capitalization of $303.59 million, a P/E ratio of 35.73 and a beta of 1.11. The stock’s fifty day simple moving average is $17.96 and its 200-day simple moving average is $17.59.

Institutional Investors Weigh In On ERShares Private-Public Crossover ETF

Several hedge funds have recently modified their holdings of the business. ETF Store Inc. increased its position in ERShares Private-Public Crossover ETF by 1.7% during the fourth quarter. ETF Store Inc. now owns 36,305 shares of the company’s stock worth $654,000 after acquiring an additional 590 shares during the period. American Capital Advisory LLC acquired a new stake in ERShares Private-Public Crossover ETF in the 4th quarter worth $36,000. Bank of America Corp DE bought a new position in shares of ERShares Private-Public Crossover ETF during the 4th quarter worth about $119,000. Commonwealth Equity Services LLC acquired a new position in shares of ERShares Private-Public Crossover ETF during the fourth quarter valued at about $194,000. Finally, Truist Financial Corp bought a new stake in shares of ERShares Private-Public Crossover ETF in the fourth quarter valued at about $257,000.

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.