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

Global X E-Commerce ETF (NASDAQ:EBIZ) saw a significant increase in short interest during 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 short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Global X E-Commerce ETF stock. Bank of Montreal Can increased its position in shares of Global X E-Commerce ETF (NASDAQ:EBIZ) by 231.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 43,346 shares of the company’s stock after acquiring an additional 30,278 shares during the quarter. Bank of Montreal Can owned about 1.67% of Global X E-Commerce ETF worth $1,069,000 at the end of the most recent quarter.

Global X E-Commerce ETF Trading Up 0.7 %

Shares of EBIZ stock opened at $28.94 on Friday. Global X E-Commerce ETF has a 1 year low of $19.71 and a 1 year high of $28.95. The firm’s 50 day moving average is $27.33 and its 200-day moving average is $25.18. The firm has a market capitalization of $61.06 million, a price-to-earnings ratio of 33.69 and a beta of 1.24.

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.