Global X E-Commerce ETF (NASDAQ:EBIZ) Trading Up 0.5% – Here’s Why

Global X E-Commerce ETF (NASDAQ:EBIZ) traded up 0.5% during trading on Tuesday . The company traded as high as $28.53 and last traded at $28.52. 3,587 shares traded hands during mid-day trading, a decline of 65% from the average session volume of 10,110 shares. The stock had previously closed at $28.38.

Global X E-Commerce ETF Stock Up 0.5 %

The stock has a 50 day moving average of $27.89 and a 200 day moving average of $25.75. The firm has a market cap of $60.18 million, a price-to-earnings ratio of 33.69 and a beta of 1.24.

Institutional Trading of Global X E-Commerce ETF

A hedge fund recently raised its stake in Global X E-Commerce ETF stock. Bank of Montreal Can grew its position in Global X E-Commerce ETF (NASDAQ:EBIZ) by 231.7% in the second quarter, according to its most recent filing with the SEC. The fund owned 43,346 shares of the company’s stock after acquiring an additional 30,278 shares during the period. Bank of Montreal Can owned 1.67% of Global X E-Commerce ETF worth $1,069,000 as of its most recent filing with the SEC.

About Global X E-Commerce ETF

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.