Global X E-Commerce ETF (NASDAQ:EBIZ) Short Interest Up 343.0% in February

Global X E-Commerce ETF (NASDAQ:EBIZ) was the recipient of a significant growth in short interest in the month of February. As of February 15th, there was short interest totalling 70,000 shares, a growth of 343.0% from the January 31st total of 15,800 shares. Based on an average daily trading volume, of 21,000 shares, the short-interest ratio is presently 3.3 days.

Institutional Investors Weigh In On Global X E-Commerce ETF

Several large investors have recently modified their holdings of EBIZ. 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 lifted its holdings 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 shares of 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 purchasing an additional 943 shares during the period. Envestnet Asset Management Inc. lifted its holdings in shares of 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 purchasing an additional 2,248 shares during the period. Finally, LPL Financial LLC lifted its holdings in shares of 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 purchasing an additional 3,239 shares during the period.

Global X E-Commerce ETF Price Performance

Shares of EBIZ stock traded down $0.12 during trading hours on Friday, reaching $29.46. 24,874 shares of the stock were exchanged, compared to its average volume of 17,097. The firm has a market capitalization of $75.71 million, a P/E ratio of 22.56 and a beta of 1.33. Global X E-Commerce ETF has a 12-month low of $21.33 and a 12-month high of $32.37. The business’s fifty day moving average is $29.43 and its two-hundred day moving average is $27.64.

Global X E-Commerce ETF Announces Dividend

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

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.