Global X E-commerce ETF (NASDAQ:EBIZ) Sees Large Growth in Short Interest

Global X E-commerce ETF (NASDAQ:EBIZGet Rating) saw a significant increase in short interest during the month of April. As of April 15th, there was short interest totalling 10,100 shares, an increase of 26.3% from the March 31st total of 8,000 shares. Based on an average daily volume of 73,100 shares, the days-to-cover ratio is presently 0.1 days.

Shares of EBIZ stock traded up $0.40 during mid-day trading on Monday, hitting $19.89. 1,209 shares of the stock were exchanged, compared to its average volume of 62,701. The stock’s fifty day simple moving average is $21.55 and its two-hundred day simple moving average is $25.73. Global X E-commerce ETF has a 12-month low of $18.98 and a 12-month high of $35.14.

Several hedge funds have recently modified their holdings of EBIZ. Jane Street Group LLC grew its holdings in shares of Global X E-commerce ETF by 78.7% during the third quarter. Jane Street Group LLC now owns 52,515 shares of the company’s stock worth $1,584,000 after purchasing an additional 23,120 shares during the last quarter. Royal Bank of Canada grew its holdings in shares of Global X E-commerce ETF by 34.0% during the third quarter. Royal Bank of Canada now owns 71,590 shares of the company’s stock worth $2,160,000 after purchasing an additional 18,176 shares during the last quarter. Flow Traders U.S. LLC purchased a new position in shares of Global X E-commerce ETF during the third quarter worth about $429,000. Financial Engines Advisors L.L.C. purchased a new position in shares of Global X E-commerce ETF during the fourth quarter worth about $343,000. Finally, Citadel Advisors LLC grew its holdings in shares of Global X E-commerce ETF by 89.6% during the second quarter. Citadel Advisors LLC now owns 25,001 shares of the company’s stock worth $859,000 after purchasing an additional 11,817 shares during the last quarter.

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