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

Global X E-Commerce ETF (NASDAQ:EBIZ)’s stock price rose 0.6% during trading on Wednesday. The company traded as high as $28.10 and last traded at $27.89. 1,982 shares traded hands during trading, a decline of 65% from the average session volume of 5,695 shares. The stock had previously closed at $27.73.

Global X E-Commerce ETF Price Performance

The company’s fifty day simple moving average is $29.58 and its 200-day simple moving average is $28.45. The firm has a market capitalization of $25.47 million, a PE ratio of 21.86 and a beta of 1.21.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cetera Investment Advisers boosted its holdings in shares of Global X E-Commerce ETF by 40.9% in the 1st quarter. Cetera Investment Advisers now owns 33,238 shares of the company’s stock valued at $890,000 after acquiring an additional 9,643 shares during the last quarter. Envestnet Asset Management Inc. grew its position in Global X E-Commerce ETF by 22.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 34,472 shares of the company’s stock worth $952,000 after purchasing an additional 6,228 shares during the period. Finally, Vivaldi Capital Management LP grew its position in 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 worth $496,000 after purchasing an additional 1,461 shares during the period.

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.