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

Global X E-Commerce ETF (NASDAQ:EBIZ) saw a large increase in short interest in the month of January. As of January 31st, there was short interest totalling 15,800 shares, an increase of 378.8% from the January 15th total of 3,300 shares. Based on an average daily volume of 19,700 shares, the days-to-cover ratio is currently 0.8 days.

Global X E-Commerce ETF Trading Up 0.7 %

Shares of EBIZ stock traded up $0.22 on Thursday, reaching $31.36. The company had a trading volume of 2,331 shares, compared to its average volume of 17,962. The company has a 50-day moving average of $29.01 and a 200-day moving average of $27.02. Global X E-Commerce ETF has a 12 month low of $21.25 and a 12 month high of $31.22. The stock has a market cap of $76.52 million, a PE ratio of 33.69 and a beta of 1.24.

Global X E-Commerce ETF Announces Dividend

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

Hedge Funds Weigh In On Global X E-Commerce ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in EBIZ. CreativeOne Wealth LLC bought a new stake in shares of Global X E-Commerce ETF in the 3rd quarter valued at $275,000. LPL Financial LLC increased its holdings in 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 worth $431,000 after purchasing an additional 3,239 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in shares of Global X E-Commerce ETF by 15.8% during the fourth quarter. Envestnet Asset Management Inc. now owns 16,459 shares of the company’s stock worth $457,000 after buying an additional 2,248 shares in the last quarter.

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.