Global X E-Commerce ETF (NASDAQ:EBIZ) Shares Up 0.8% – Here’s Why

Global X E-Commerce ETF (NASDAQ:EBIZ) shares shot up 0.8% on Tuesday . The company traded as high as $27.63 and last traded at $27.38. 2,442 shares were traded during mid-day trading, a decline of 68% from the average session volume of 7,560 shares. The stock had previously closed at $27.15.

Global X E-Commerce ETF Stock Performance

The firm has a market cap of $28.05 million, a price-to-earnings ratio of 21.86 and a beta of 1.22. The business has a fifty day moving average of $27.85 and a two-hundred day moving average of $29.77.

Institutional Investors Weigh In On Global X E-Commerce ETF

A number of institutional investors and hedge funds have recently modified their holdings of EBIZ. Sei Investments Co. acquired a new stake in shares of Global X E-Commerce ETF in the 2nd quarter worth approximately $213,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Global X E-Commerce ETF by 61.2% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 65,809 shares of the company’s stock worth $2,014,000 after acquiring an additional 24,979 shares during the period. Raymond James Financial Inc. grew its holdings in shares of Global X E-Commerce ETF by 15.9% in the 2nd quarter. Raymond James Financial Inc. now owns 15,506 shares of the company’s stock worth $474,000 after acquiring an additional 2,130 shares during the period. Jane Street Group LLC acquired a new stake in shares of Global X E-Commerce ETF in the 2nd quarter worth approximately $446,000. Finally, Bank of America Corp DE grew its holdings in shares of Global X E-Commerce ETF by 2.7% in the 2nd quarter. Bank of America Corp DE now owns 12,076 shares of the company’s stock worth $370,000 after acquiring an additional 323 shares during the period.

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.