Short Interest in ERShares Entrepreneurs ETF (NASDAQ:ENTR) Declines By 14.9%

ERShares Entrepreneurs ETF (NASDAQ:ENTR) was the recipient of a large decline in short interest during the month of July. As of July 31st, there was short interest totalling 4,000 shares, a decline of 14.9% from the July 15th total of 4,700 shares. Based on an average daily volume of 4,300 shares, the days-to-cover ratio is currently 0.9 days.

ERShares Entrepreneurs ETF Stock Performance

ENTR traded up $0.06 during trading on Friday, reaching $15.37. 697 shares of the stock were exchanged, compared to its average volume of 4,440. The stock’s 50 day moving average price is $15.27 and its two-hundred day moving average price is $15.05. ERShares Entrepreneurs ETF has a twelve month low of $10.71 and a twelve month high of $16.00. The stock has a market cap of $84.54 million, a P/E ratio of -17.27 and a beta of 1.15.

Institutional Investors Weigh In On ERShares Entrepreneurs ETF

An institutional investor recently raised its position in ERShares Entrepreneurs ETF stock. Fortress Wealth Management Inc. boosted its holdings in shares of ERShares Entrepreneurs ETF (NASDAQ:ENTR) by 35.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 147,480 shares of the company’s stock after buying an additional 38,503 shares during the quarter. ERShares Entrepreneurs ETF makes up approximately 1.2% of Fortress Wealth Management Inc.’s investment portfolio, making the stock its 25th largest position. Fortress Wealth Management Inc. owned approximately 2.68% of ERShares Entrepreneurs ETF worth $2,298,000 at the end of the most recent quarter. 58.66% of the stock is currently owned by institutional investors and hedge funds.