Global X E-Commerce ETF (NASDAQ:EBIZ) Shares Down 1.3% – Here’s What Happened

Global X E-Commerce ETF (NASDAQ:EBIZ) traded down 1.3% during trading on Friday. The company traded as low as $28.98 and last traded at $28.9810. 393 shares were traded during mid-day trading, a decline of 93% from the average session volume of 5,411 shares. The stock had previously closed at $29.37.

Global X E-Commerce ETF Stock Performance

The firm has a 50 day simple moving average of $29.02 and a two-hundred day simple moving average of $28.67. The firm has a market capitalization of $25.79 million, a P/E ratio of 21.86 and a beta of 1.21.

Institutional Trading of Global X E-Commerce ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. Envestnet Asset Management Inc. raised its holdings in shares of Global X E-Commerce ETF by 22.1% in the second quarter. Envestnet Asset Management Inc. now owns 34,472 shares of the company’s stock valued at $952,000 after purchasing an additional 6,228 shares during the last quarter. Vivaldi Capital Management LP lifted its position in shares of Global X E-Commerce ETF by 8.6% during the first quarter. Vivaldi Capital Management LP now owns 18,546 shares of the company’s stock valued at $496,000 after purchasing an additional 1,461 shares in the last quarter. Finally, Cetera Investment Advisers boosted 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 purchasing an additional 9,643 shares during the last quarter.

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.