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 significant growth in short interest in the month of December. As of December 31st, there was short interest totalling 30,800 shares, a growth of 1,084.6% from the December 15th total of 2,600 shares. Based on an average daily volume of 14,500 shares, the days-to-cover ratio is presently 2.1 days.

Institutional Investors Weigh In On Global X E-Commerce ETF

An institutional investor recently raised its position in Global X E-Commerce ETF stock. Bank of Montreal Can increased its position in Global X E-Commerce ETF (NASDAQ:EBIZ) by 231.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 43,346 shares of the company’s stock after buying 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 reporting period.

Global X E-Commerce ETF Trading Down 0.6 %

EBIZ traded down $0.16 on Monday, reaching $27.18. The company had a trading volume of 11,512 shares, compared to its average volume of 11,793. Global X E-Commerce ETF has a one year low of $19.77 and a one year high of $30.77. The company has a market capitalization of $65.50 million, a P/E ratio of 33.69 and a beta of 1.24. The company has a fifty day moving average of $28.26 and a 200-day moving average of $26.16.

Global X E-Commerce ETF Announces Dividend

The company also recently announced a dividend, which was paid on Tuesday, January 7th. Investors of record on Monday, December 30th were issued a dividend of $0.0077 per share. The ex-dividend date of this dividend was Monday, December 30th.

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.