Global X E-Commerce ETF (NASDAQ:EBIZ) Sees Large Decrease in Short Interest

Global X E-Commerce ETF (NASDAQ:EBIZ) saw a large drop in short interest in the month of February. As of February 28th, there was short interest totalling 5,300 shares, a drop of 92.4% from the February 13th total of 70,000 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 21,700 shares, the short-interest ratio is currently 0.2 days.

Global X E-Commerce ETF Price Performance

Shares of NASDAQ EBIZ traded up $0.67 during midday trading on Friday, hitting $28.43. The stock had a trading volume of 2,055 shares, compared to its average volume of 13,856. Global X E-Commerce ETF has a fifty-two week low of $21.33 and a fifty-two week high of $32.37. The company’s 50-day simple moving average is $29.53 and its 200 day simple moving average is $27.91. The firm has a market cap of $69.37 million, a P/E ratio of 22.56 and a beta of 1.24.

Global X E-Commerce ETF Announces Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, January 7th. Investors of record on Monday, December 30th were paid a dividend of $0.0077 per share. The ex-dividend date of this dividend was Monday, December 30th.

Institutional Investors Weigh In On Global X E-Commerce ETF

Institutional investors have recently made changes to their positions in the stock. CreativeOne Wealth LLC acquired a new stake in shares of Global X E-Commerce ETF during the third quarter worth $275,000. Cetera Investment Advisers grew its stake in shares of Global X E-Commerce ETF by 31.4% during the fourth quarter. Cetera Investment Advisers now owns 24,779 shares of the company’s stock worth $687,000 after purchasing an additional 5,920 shares during the period. Vivaldi Capital Management LP lifted its holdings in Global X E-Commerce ETF by 9.2% during the fourth quarter. Vivaldi Capital Management LP now owns 11,184 shares of the company’s stock worth $329,000 after acquiring an additional 943 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in Global X E-Commerce ETF by 15.8% during the fourth quarter. Envestnet Asset Management Inc. now owns 16,459 shares of the company’s stock worth $457,000 after acquiring an additional 2,248 shares in the last quarter. Finally, LPL Financial LLC lifted its holdings in Global X E-Commerce ETF by 26.3% during the fourth quarter. LPL Financial LLC now owns 15,537 shares of the company’s stock worth $431,000 after acquiring an additional 3,239 shares in the last quarter.

Global X E-Commerce ETF Company Profile

The Global X E-commerce ETF (EBIZ) is an exchange-traded fund that is based on the Solactive E-commerce index, a market-cap-weighted index of global e-commerce companies, including online retailers, retail platforms, and supporting businesses. EBIZ was launched on Nov 27, 2018 and is managed by Global X.