Global X E-Commerce ETF (NASDAQ:EBIZ) Stock Price Down 0.8% – Here’s Why

Global X E-Commerce ETF (NASDAQ:EBIZ) fell 0.8% during trading on Thursday . The company traded as low as $30.23 and last traded at $30.42. Approximately 7,492 shares changed hands during mid-day trading, an increase of 18% from the average daily volume of 6,327 shares. The stock had previously closed at $30.68.

Global X E-Commerce ETF Stock Down 0.8%

The business has a fifty day moving average of $28.84 and a 200 day moving average of $28.52. The firm has a market cap of $28.59 million, a P/E ratio of 21.86 and a beta of 1.21.

Global X E-Commerce ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Tuesday, July 7th. Stockholders of record on Monday, June 29th were paid a $0.0835 dividend. The ex-dividend date of this dividend was Monday, June 29th.

Institutional Trading of Global X E-Commerce ETF

Hedge funds have recently modified their holdings of the company. Flow Traders U.S. LLC acquired a new position in shares of Global X E-Commerce ETF in the 3rd quarter valued at $1,539,000. Susquehanna International Group LLP increased its position in shares of Global X E-Commerce ETF by 111.4% in the 3rd quarter. Susquehanna International Group LLP now owns 53,606 shares of the company’s stock valued at $1,879,000 after buying an additional 28,245 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Global X E-Commerce ETF by 61.2% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 65,809 shares of the company’s stock worth $2,014,000 after buying an additional 24,979 shares during the period. Jane Street Group LLC bought a new position in Global X E-Commerce ETF during the second quarter worth about $446,000. Finally, Cetera Investment Advisers lifted its holdings in Global X E-Commerce ETF by 40.9% during the first quarter. Cetera Investment Advisers now owns 33,238 shares of the company’s stock worth $890,000 after acquiring an additional 9,643 shares in the last quarter.

About Global X E-Commerce ETF

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.