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

Global X E-Commerce ETF (NASDAQ:EBIZ) was the target of a significant decline in short interest during the month of October. As of October 31st, there was short interest totalling 600 shares, a decline of 62.5% from the October 15th total of 1,600 shares. Based on an average trading volume of 11,900 shares, the days-to-cover ratio is currently 0.1 days.

Global X E-Commerce ETF Stock Performance

NASDAQ EBIZ traded down $0.39 during trading hours on Thursday, hitting $27.20. 4,446 shares of the company traded hands, compared to its average volume of 10,634. The stock has a market capitalization of $57.39 million, a price-to-earnings ratio of 33.69 and a beta of 1.24. Global X E-Commerce ETF has a twelve month low of $18.64 and a twelve month high of $28.31. The business’s 50-day moving average is $26.44 and its 200-day moving average is $24.85.

Institutional Investors Weigh In On Global X E-Commerce ETF

A hedge fund recently bought a new stake in Global X E-Commerce ETF stock. CreativeOne Wealth LLC bought a new stake in Global X E-Commerce ETF (NASDAQ:EBIZ) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor bought 9,999 shares of the company’s stock, valued at approximately $275,000. CreativeOne Wealth LLC owned 0.47% of Global X E-Commerce ETF as of its most recent filing with the SEC.

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.