Global X E-Commerce ETF (NASDAQ:EBIZ) Stock Price Down 1.9% – Here’s Why

Global X E-Commerce ETF (NASDAQ:EBIZ) shares were down 1.9% during mid-day trading on Tuesday . The company traded as low as $26.28 and last traded at $26.41. Approximately 3,290 shares were traded during trading, a decline of 70% from the average daily volume of 10,914 shares. The stock had previously closed at $26.93.

Global X E-Commerce ETF Price Performance

The company has a fifty day moving average price of $29.39 and a 200 day moving average price of $32.17. The company has a market cap of $40.75 million, a PE ratio of 21.86 and a beta of 1.26.

Global X E-Commerce ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Wednesday, January 7th. Shareholders of record on Tuesday, December 30th were paid a $0.0686 dividend. This represents a yield of 42.0%. The ex-dividend date of this dividend was Tuesday, December 30th.

Institutional Trading of Global X E-Commerce ETF

Several institutional investors and hedge funds have recently made changes to their positions in EBIZ. Cetera Investment Advisers grew its position in Global X E-Commerce ETF by 9.7% in the fourth quarter. Cetera Investment Advisers now owns 23,595 shares of the company’s stock worth $767,000 after acquiring an additional 2,077 shares in the last quarter. Vivaldi Capital Management LP increased its stake in Global X E-Commerce ETF by 3.7% in the fourth quarter. Vivaldi Capital Management LP now owns 17,085 shares of the company’s stock valued at $555,000 after acquiring an additional 614 shares during the last quarter. Northbridge Financial Group LLC purchased a new stake in Global X E-Commerce ETF during the fourth quarter valued at about $251,000. Golden State Equity Partners purchased a new stake in Global X E-Commerce ETF during the fourth quarter valued at about $284,000. Finally, Susquehanna International Group LLP lifted its stake in Global X E-Commerce ETF by 111.4% during the third quarter. Susquehanna International Group LLP now owns 53,606 shares of the company’s stock worth $1,879,000 after purchasing an additional 28,245 shares during the last quarter.

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.