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

Global X E-Commerce ETF (NASDAQ:EBIZ) was the target of a significant increase in short interest in the month of November. As of November 15th, there was short interest totalling 800 shares, an increase of 33.3% from the October 31st total of 600 shares. Based on an average trading volume of 10,200 shares, the days-to-cover ratio is currently 0.1 days.

Global X E-Commerce ETF Stock Up 0.7 %

Shares of Global X E-Commerce ETF stock opened at $28.94 on Monday. The company has a market capitalization of $61.06 million, a price-to-earnings ratio of 33.69 and a beta of 1.24. The stock’s 50-day simple moving average is $27.33 and its 200-day simple moving average is $25.18. Global X E-Commerce ETF has a 52 week low of $19.71 and a 52 week high of $28.95.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Global X E-Commerce ETF stock. Bank of Montreal Can lifted its stake in Global X E-Commerce ETF (NASDAQ:EBIZ) by 231.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 43,346 shares of the company’s stock after buying an additional 30,278 shares during the quarter. Bank of Montreal Can owned approximately 1.67% of Global X E-Commerce ETF worth $1,069,000 at the end of the most recent reporting period.

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.