Global X E-Commerce ETF (NASDAQ:EBIZ – Get Free Report) was the target of a large decline in short interest in September. As of September 15th, there was short interest totaling 6,300 shares, a decline of 33.0% from the August 31st total of 9,400 shares. Based on an average trading volume of 10,500 shares, the short-interest ratio is currently 0.6 days. Based on an average trading volume of 10,500 shares, the short-interest ratio is currently 0.6 days.
Global X E-Commerce ETF Trading Up 0.2%
EBIZ opened at $35.51 on Monday. The stock has a market cap of $62.85 million, a price-to-earnings ratio of 21.86 and a beta of 1.24. Global X E-Commerce ETF has a 1 year low of $23.51 and a 1 year high of $36.00. The stock has a fifty day moving average price of $33.87 and a 200 day moving average price of $30.83.
Institutional Investors Weigh In On Global X E-Commerce ETF
Several institutional investors have recently made changes to their positions in EBIZ. Twin Peaks Wealth Advisors LLC acquired a new position in Global X E-Commerce ETF in the second quarter worth approximately $31,000. Banque Cantonale Vaudoise bought a new stake in Global X E-Commerce ETF in the first quarter worth approximately $59,000. Sei Investments Co. bought a new stake in Global X E-Commerce ETF in the second quarter worth approximately $213,000. Bank of America Corp DE increased its stake in shares of 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. Finally, Jane Street Group LLC bought a new position in shares of Global X E-Commerce ETF during the 2nd quarter valued at $446,000.
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.
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