Global X E-Commerce ETF (NASDAQ:EBIZ) Shares Down 0.7% – Time to Sell?

Global X E-Commerce ETF (NASDAQ:EBIZ) dropped 0.7% during mid-day trading on Tuesday . The stock traded as low as $31.46 and last traded at $31.7160. Approximately 35,744 shares were traded during mid-day trading, an increase of 174% from the average daily volume of 13,054 shares. The stock had previously closed at $31.94.

Global X E-Commerce ETF Stock Down 0.7%

The firm has a fifty day simple moving average of $34.27 and a 200-day simple moving average of $32.37. The company has a market cap of $52.65 million, a PE ratio of 21.86 and a beta of 1.26.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Twin Peaks Wealth Advisors LLC purchased a new stake in Global X E-Commerce ETF in the second quarter valued at approximately $31,000. Banque Cantonale Vaudoise purchased a new stake in Global X E-Commerce ETF in the 1st quarter valued at $59,000. Founders Financial Alliance LLC acquired a new stake in Global X E-Commerce ETF during the 3rd quarter worth $78,000. Sei Investments Co. purchased a new position in Global X E-Commerce ETF during the 2nd quarter worth $213,000. Finally, Bank of America Corp DE grew its position in Global X E-Commerce ETF by 2.7% during the 2nd quarter. Bank of America Corp DE now owns 12,076 shares of the company’s stock worth $370,000 after purchasing an additional 323 shares during 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.