ERShares Private-Public Crossover ETF Sees Unusually Large Options Volume (NASDAQ:XOVR)

ERShares Private-Public Crossover ETF (NASDAQ:XOVR) was the target of some unusual options trading on Wednesday. Investors purchased 3,606 call options on the stock. This represents an increase of approximately 50% compared to the average daily volume of 2,407 call options.

Hedge Funds Weigh In On ERShares Private-Public Crossover ETF

Hedge funds have recently added to or reduced their stakes in the stock. Waverly Advisors LLC lifted its holdings in shares of ERShares Private-Public Crossover ETF by 105.8% in the 1st quarter. Waverly Advisors LLC now owns 64,851 shares of the company’s stock valued at $1,095,000 after buying an additional 33,344 shares during the period. Cetera Investment Advisers lifted its stake in shares of ERShares Private-Public Crossover ETF by 31.1% in the first quarter. Cetera Investment Advisers now owns 128,874 shares of the company’s stock worth $2,177,000 after buying an additional 30,595 shares in the last quarter. Sharpepoint LLC grew its stake in ERShares Private-Public Crossover ETF by 185.9% during the 1st quarter. Sharpepoint LLC now owns 38,752 shares of the company’s stock valued at $655,000 after acquiring an additional 25,197 shares in the last quarter. Chicago Partners Investment Group LLC purchased a new stake in shares of ERShares Private-Public Crossover ETF in the first quarter valued at approximately $204,000. Finally, Kestra Advisory Services LLC grew its holdings in ERShares Private-Public Crossover ETF by 112.3% in the 1st quarter. Kestra Advisory Services LLC now owns 10,302 shares of the company’s stock valued at $174,000 after buying an additional 5,450 shares in the last quarter.

ERShares Private-Public Crossover ETF Trading Down 1.7%

Shares of NASDAQ XOVR traded down $0.34 during midday trading on Wednesday, hitting $20.07. The company’s stock had a trading volume of 4,570,356 shares, compared to its average volume of 2,016,240. ERShares Private-Public Crossover ETF has a 12-month low of $16.37 and a 12-month high of $21.78. The firm has a market cap of $1.08 billion, a P/E ratio of 36.57 and a beta of 1.26. The business’s 50 day moving average is $18.30 and its two-hundred day moving average is $18.78.

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.