Short Interest in Global X E-Commerce ETF (NASDAQ:EBIZ) Increases By 378.8%

Global X E-Commerce ETF (NASDAQ:EBIZ) was the target of a significant increase in short interest during the month of January. As of January 31st, there was short interest totalling 15,800 shares, an increase of 378.8% from the January 15th total of 3,300 shares. Based on an average trading volume of 19,700 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Trading of Global X E-Commerce ETF

Several institutional investors have recently added to or reduced their stakes in EBIZ. CreativeOne Wealth LLC acquired a new position in shares of Global X E-Commerce ETF in the 3rd quarter valued at about $275,000. LPL Financial LLC boosted its stake in Global X E-Commerce ETF by 26.3% in the fourth quarter. LPL Financial LLC now owns 15,537 shares of the company’s stock valued at $431,000 after acquiring an additional 3,239 shares during the period. Finally, Envestnet Asset Management Inc. grew 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 valued at $457,000 after purchasing an additional 2,248 shares during the last quarter.

Global X E-Commerce ETF Stock Performance

Shares of NASDAQ:EBIZ traded up $0.22 during trading on Thursday, hitting $31.36. The company’s stock had a trading volume of 2,331 shares, compared to its average volume of 17,962. Global X E-Commerce ETF has a fifty-two week low of $21.25 and a fifty-two week high of $31.22. The stock’s 50-day moving average price is $29.01 and its two-hundred day moving average price is $27.02. The company has a market capitalization of $76.52 million, a PE ratio of 33.69 and a beta of 1.24.

Global X E-Commerce ETF Announces Dividend

The business also recently declared a dividend, which was paid on Tuesday, January 7th. Stockholders of record on Monday, December 30th were given a dividend of $0.0077 per share. The ex-dividend date of this dividend 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.