Short Interest in Global X E-Commerce ETF (NASDAQ:EBIZ) Increases By 74.9%

Global X E-Commerce ETF (NASDAQ:EBIZ) saw a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 14,578 shares, a growth of 74.9% from the July 15th total of 8,334 shares. Based on an average daily trading volume, of 3,367 shares, the short-interest ratio is presently 4.3 days. Approximately 1.6% of the company’s stock are sold short.

Institutional Investors Weigh In On Global X E-Commerce ETF

Large investors have recently bought and sold shares of the stock. Sei Investments Co. purchased a new position in shares of Global X E-Commerce ETF in the 2nd quarter valued at about $213,000. Northbridge Financial Group LLC acquired a new position in shares of Global X E-Commerce ETF during the fourth quarter worth about $251,000. Golden State Equity Partners purchased a new stake in shares of Global X E-Commerce ETF during the fourth quarter worth approximately $284,000. Bank of America Corp DE increased its stake in shares of Global X E-Commerce ETF by 2.7% during the second 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 period. Finally, Jane Street Group LLC acquired a new stake in Global X E-Commerce ETF in the second quarter valued at approximately $446,000.

Global X E-Commerce ETF Stock Performance

Shares of Global X E-Commerce ETF stock remained flat at $29.93 during trading hours on Tuesday. The stock had a trading volume of 554 shares, compared to its average volume of 6,270. Global X E-Commerce ETF has a 1-year low of $25.85 and a 1-year high of $36.00. The firm has a 50-day moving average of $28.96 and a two-hundred day moving average of $28.48. The company has a market capitalization of $28.13 million, a price-to-earnings ratio of 21.86 and a beta of 1.21.

Global X E-Commerce ETF Dividend Announcement

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

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.