Global X E-Commerce ETF (NASDAQ:EBIZ) Short Interest Up 1,084.6% in January

Global X E-Commerce ETF (NASDAQ:EBIZ) was the target of a significant growth in short interest in January. As of January 15th, there was short interest totalling 30,800 shares, a growth of 1,084.6% from the December 31st total of 2,600 shares. Based on an average daily trading volume, of 14,500 shares, the days-to-cover ratio is presently 2.1 days.

Institutional Trading of Global X E-Commerce ETF

An institutional investor recently raised its position in Global X E-Commerce ETF stock. Bank of Montreal Can raised its stake in Global X E-Commerce ETF (NASDAQ:EBIZ) by 231.7% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 43,346 shares of the company’s stock after acquiring an additional 30,278 shares during the period. Bank of Montreal Can owned 1.67% of Global X E-Commerce ETF worth $1,069,000 as of its most recent SEC filing.

Global X E-Commerce ETF Stock Performance

NASDAQ:EBIZ opened at $30.15 on Wednesday. Global X E-Commerce ETF has a one year low of $20.10 and a one year high of $30.77. The company has a market capitalization of $72.66 million, a price-to-earnings ratio of 33.69 and a beta of 1.24. The stock has a 50-day simple moving average of $28.54 and a 200 day simple moving average of $26.52.

Global X E-Commerce ETF Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, January 7th. Shareholders of record on Monday, December 30th were paid a dividend of $0.0077 per share. The ex-dividend date was Monday, December 30th.

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.