Global X E-Commerce ETF (NASDAQ:EBIZ) Sees Large Increase in Short Interest

Global X E-Commerce ETF (NASDAQ:EBIZ) saw a large growth in short interest in February. As of February 15th, there was short interest totalling 70,000 shares, a growth of 343.0% from the January 31st total of 15,800 shares. Based on an average daily trading volume, of 21,000 shares, the short-interest ratio is currently 3.3 days.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of EBIZ. CreativeOne Wealth LLC acquired a new position in Global X E-Commerce ETF during the 3rd quarter worth about $275,000. LPL Financial LLC lifted its holdings in Global X E-Commerce ETF by 26.3% during the 4th quarter. LPL Financial LLC now owns 15,537 shares of the company’s stock worth $431,000 after buying an additional 3,239 shares during the period. Envestnet Asset Management Inc. increased its position in Global X E-Commerce ETF by 15.8% during the 4th quarter. Envestnet Asset Management Inc. now owns 16,459 shares of the company’s stock valued at $457,000 after purchasing an additional 2,248 shares during the period. Cetera Investment Advisers increased its position in Global X E-Commerce ETF by 31.4% during the 4th quarter. Cetera Investment Advisers now owns 24,779 shares of the company’s stock valued at $687,000 after purchasing an additional 5,920 shares during the period. Finally, Vivaldi Capital Management LP increased its position in Global X E-Commerce ETF by 9.2% during the 4th quarter. Vivaldi Capital Management LP now owns 11,184 shares of the company’s stock valued at $329,000 after purchasing an additional 943 shares during the period.

Global X E-Commerce ETF Stock Performance

Global X E-Commerce ETF stock opened at $29.53 on Friday. Global X E-Commerce ETF has a 52 week low of $21.33 and a 52 week high of $32.37. The stock has a market capitalization of $72.04 million, a P/E ratio of 33.69 and a beta of 1.24. The stock has a fifty day moving average of $29.41 and a 200-day moving average of $27.60.

Global X E-Commerce ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Tuesday, January 7th. Stockholders of record on Monday, December 30th were paid a $0.0077 dividend. The ex-dividend date was Monday, December 30th.

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.