Global X E-Commerce ETF (NASDAQ:EBIZ) Trading 0.6% Higher – Here’s Why

Shares of Global X E-Commerce ETF (NASDAQ:EBIZ) traded up 0.6% during mid-day trading on Thursday . The stock traded as high as $28.39 and last traded at $28.35. Approximately 1,233 shares changed hands during mid-day trading, a decline of 82% from the average daily volume of 6,938 shares. The stock had previously closed at $28.19.

Global X E-Commerce ETF Stock Performance

The stock has a market capitalization of $26.65 million, a price-to-earnings ratio of 21.86 and a beta of 1.21. The stock has a fifty day simple moving average of $27.74 and a two-hundred day simple moving average of $29.23.

Global X E-Commerce ETF Announces Dividend

The company also recently announced a dividend, which will be paid on Tuesday, July 7th. Stockholders of record on Monday, June 29th will be given a dividend of $0.0835 per share. The ex-dividend date is Monday, June 29th.

Institutional Investors Weigh In On Global X E-Commerce ETF

Several large investors have recently bought and sold shares of EBIZ. Sei Investments Co. purchased a new stake in Global X E-Commerce ETF during the second quarter valued at $213,000. Northbridge Financial Group LLC purchased a new position in shares of Global X E-Commerce ETF in the 4th quarter worth $251,000. Golden State Equity Partners bought a new stake in shares of Global X E-Commerce ETF in the 4th quarter worth about $284,000. Bank of America Corp DE increased its holdings in shares of Global X E-Commerce ETF by 2.7% in the 2nd quarter. Bank of America Corp DE now owns 12,076 shares of the company’s stock worth $370,000 after buying an additional 323 shares during the last quarter. Finally, Jane Street Group LLC purchased a new stake in shares of Global X E-Commerce ETF during the 2nd quarter valued at about $446,000.

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.