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

Global X E-Commerce ETF (NASDAQ:EBIZ) saw a significant growth in short interest in the month of June. As of June 30th, there was short interest totalling 800 shares, a growth of 700.0% from the June 15th total of 100 shares. Based on an average daily trading volume, of 10,200 shares, the short-interest ratio is currently 0.1 days.

Global X E-Commerce ETF Stock Performance

Global X E-Commerce ETF stock traded up $0.47 during midday trading on Friday, hitting $24.96. 3,010 shares of the company’s stock were exchanged, compared to its average volume of 9,607. Global X E-Commerce ETF has a 52-week low of $16.53 and a 52-week high of $25.09. The stock has a 50-day moving average price of $24.06 and a two-hundred day moving average price of $22.79. The company has a market cap of $65.15 million, a P/E ratio of 33.69 and a beta of 1.24.

Global X E-Commerce ETF Announces Dividend

The company also recently declared a Semi-Annual dividend, which was paid on Friday, July 5th. Shareholders of record on Thursday, June 27th were paid a dividend of $0.0569 per share. The ex-dividend date of this dividend was Thursday, June 27th.

Institutional Investors Weigh In On Global X E-Commerce ETF

Hedge funds have recently added to or reduced their stakes in the company. Tidemark LLC bought a new stake in Global X E-Commerce ETF during the fourth quarter worth about $31,000. Activest Wealth Management purchased a new position in shares of Global X E-Commerce ETF during the 4th quarter worth approximately $34,000. Insight Advisors LLC PA grew its holdings in shares of Global X E-Commerce ETF by 4.3% during the 4th quarter. Insight Advisors LLC PA now owns 35,895 shares of the company’s stock worth $761,000 after acquiring an additional 1,475 shares during the period. Finally, Daiwa Securities Group Inc. grew its holdings in shares of Global X E-Commerce ETF by 13.8% during the 4th quarter. Daiwa Securities Group Inc. now owns 1,652,587 shares of the company’s stock worth $35,018,000 after acquiring an additional 200,000 shares during the 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.