Short Interest in Global X E-Commerce ETF (NASDAQ:EBIZ) Declines By 87.0%

Global X E-Commerce ETF (NASDAQ:EBIZ) saw a significant decline in short interest in August. As of August 15th, there was short interest totalling 600 shares, a decline of 87.0% from the July 31st total of 4,600 shares. Based on an average daily trading volume, of 13,500 shares, the short-interest ratio is presently 0.0 days.

Global X E-Commerce ETF Stock Performance

Global X E-Commerce ETF stock traded up $0.14 during mid-day trading on Tuesday, reaching $24.37. 2,119 shares of the company were exchanged, compared to its average volume of 10,538. The firm has a market cap of $63.12 million, a P/E ratio of 33.69 and a beta of 1.24. The business has a fifty day moving average of $23.92 and a 200 day moving average of $23.57. Global X E-Commerce ETF has a 12-month low of $16.53 and a 12-month high of $25.33.

Global X E-Commerce ETF Announces Dividend

The business also recently disclosed a Semi-Annual dividend, which was paid on Friday, July 5th. Investors of record on Thursday, June 27th were given a dividend of $0.0569 per share. The ex-dividend date of this dividend was Thursday, June 27th.

Hedge Funds Weigh In On Global X E-Commerce ETF

A hedge fund recently bought a new stake in Global X E-Commerce ETF stock. Tidemark LLC purchased a new stake in Global X E-Commerce ETF (NASDAQ:EBIZ) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm purchased 1,444 shares of the company’s stock, valued at approximately $31,000.

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.