Global X E-Commerce ETF (NASDAQ:EBIZ) Short Interest Update

Global X E-Commerce ETF (NASDAQ:EBIZ) was the recipient of a significant growth in short interest during the month of January. As of January 30th, there was short interest totaling 10,123 shares, a growth of 28.0% from the January 15th total of 7,910 shares. Based on an average trading volume of 21,781 shares, the short-interest ratio is currently 0.5 days. Currently, 0.7% of the shares of the company are sold short. Currently, 0.7% of the shares of the company are sold short. Based on an average trading volume of 21,781 shares, the short-interest ratio is currently 0.5 days.

Global X E-Commerce ETF Price Performance

Shares of EBIZ traded down $0.30 during trading hours on Tuesday, reaching $28.24. 2,095 shares of the company’s stock traded hands, compared to its average volume of 14,299. Global X E-Commerce ETF has a twelve month low of $23.51 and a twelve month high of $36.00. The business’s fifty day simple moving average is $32.41 and its two-hundred day simple moving average is $33.21. The firm has a market capitalization of $43.49 million, a price-to-earnings ratio of 21.86 and a beta of 1.26.

Global X E-Commerce ETF Announces Dividend

The business also recently declared a dividend, which was paid on Wednesday, January 7th. Investors of record on Tuesday, December 30th were issued a dividend of $0.0686 per share. This represents a dividend yield of 42.0%. The ex-dividend date was Tuesday, December 30th.

Institutional Investors Weigh In On Global X E-Commerce ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. lifted its position in Global X E-Commerce ETF by 77.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 15,428 shares of the company’s stock worth $472,000 after buying an additional 6,750 shares in the last quarter. Flow Traders U.S. LLC bought a new stake in Global X E-Commerce ETF during the 3rd quarter worth about $1,539,000. Bank of America Corp DE lifted its position in Global X E-Commerce ETF by 49.4% during the 3rd quarter. Bank of America Corp DE now owns 18,036 shares of the company’s stock valued at $632,000 after purchasing an additional 5,960 shares during the period. Sei Investments Co. lifted its position in Global X E-Commerce ETF by 59.5% during the 3rd quarter. Sei Investments Co. now owns 11,093 shares of the company’s stock valued at $389,000 after purchasing an additional 4,139 shares during the period. Finally, Jane Street Group LLC acquired a new stake in shares of Global X E-Commerce ETF during the 2nd quarter worth approximately $446,000.

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.