Global X E-Commerce ETF (NASDAQ:EBIZ) Sees Large Growth in Short Interest

Global X E-Commerce ETF (NASDAQ:EBIZ) was the target of a large growth in short interest in February. As of February 15th, there was short interest totalling 70,000 shares, a growth of 343.0% from the January 31st total of 15,800 shares. Based on an average daily volume of 21,000 shares, the short-interest ratio is currently 3.3 days.

Institutional Trading of Global X E-Commerce ETF

Institutional investors have recently modified their holdings of the stock. CreativeOne Wealth LLC bought a new stake in shares of Global X E-Commerce ETF during the 3rd quarter valued at $275,000. Vivaldi Capital Management LP lifted its position in shares of Global X E-Commerce ETF by 9.2% during the 4th quarter. Vivaldi Capital Management LP now owns 11,184 shares of the company’s stock valued at $329,000 after acquiring an additional 943 shares during the period. LPL Financial LLC lifted its position in shares of Global X E-Commerce ETF by 26.3% during the 4th 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. Envestnet Asset Management Inc. lifted its position in shares of Global X E-Commerce ETF by 15.8% during the 4th quarter. Envestnet Asset Management Inc. now owns 16,459 shares of the company’s stock valued at $457,000 after acquiring an additional 2,248 shares during the period. Finally, Cetera Investment Advisers lifted its position in shares of Global X E-Commerce ETF by 31.4% during the 4th quarter. Cetera Investment Advisers now owns 24,779 shares of the company’s stock valued at $687,000 after acquiring an additional 5,920 shares during the period.

Global X E-Commerce ETF Price Performance

NASDAQ:EBIZ opened at $29.46 on Friday. The business’s 50-day simple moving average is $29.43 and its 200-day simple moving average is $27.67. Global X E-Commerce ETF has a fifty-two week low of $21.33 and a fifty-two week high of $32.37. The stock has a market capitalization of $75.71 million, a PE ratio of 22.56 and a beta of 1.33.

Global X E-Commerce ETF Announces Dividend

The business also recently announced 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.

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.