Global X E-Commerce ETF (NASDAQ:EBIZ) Stock Price Down 1.2% – Should You Sell?

Global X E-Commerce ETF (NASDAQ:EBIZ) shares traded down 1.2% on Thursday . The company traded as low as $28.21 and last traded at $28.41. 10,276 shares traded hands during mid-day trading, an increase of 56% from the average daily volume of 6,592 shares. The stock had previously closed at $28.75.

Global X E-Commerce ETF Trading Up 1.0%

The stock’s 50-day moving average is $28.01 and its 200-day moving average is $28.82. The firm has a market capitalization of $26.98 million, a price-to-earnings ratio of 21.86 and a beta of 1.21.

Global X E-Commerce ETF Announces Dividend

The business also recently announced a dividend, which was paid on Tuesday, July 7th. Shareholders of record on Monday, June 29th were paid a dividend of $0.0835 per share. The ex-dividend date of this dividend was Monday, June 29th.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Vivaldi Capital Management LP boosted its holdings in shares of Global X E-Commerce ETF by 8.6% during the 1st quarter. Vivaldi Capital Management LP now owns 18,546 shares of the company’s stock valued at $496,000 after acquiring an additional 1,461 shares in the last quarter. Cetera Investment Advisers raised its position in Global X E-Commerce ETF by 40.9% in the first quarter. Cetera Investment Advisers now owns 33,238 shares of the company’s stock valued at $890,000 after purchasing an additional 9,643 shares during the last quarter. Northbridge Financial Group LLC bought a new position in Global X E-Commerce ETF in the fourth quarter valued at about $251,000. Golden State Equity Partners bought a new position in Global X E-Commerce ETF in the fourth quarter valued at about $284,000. Finally, Susquehanna International Group LLP boosted its stake in shares of 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 valued at $1,879,000 after purchasing an additional 28,245 shares in 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.