Global X E-Commerce ETF (NASDAQ:EBIZ – Get Free Report) was the recipient of a large increase in short interest in August. As of August 15th, there was short interest totalling 52,700 shares, an increase of 17.6% from the July 31st total of 44,800 shares. Based on an average trading volume of 14,500 shares, the short-interest ratio is currently 3.6 days.
Global X E-Commerce ETF Trading Up 0.6 %
Shares of Global X E-Commerce ETF stock opened at $19.02 on Thursday. The stock has a 50-day moving average price of $19.06 and a 200 day moving average price of $17.95. The company has a market cap of $54.76 million, a P/E ratio of 62.14 and a beta of 1.24. Global X E-Commerce ETF has a 1 year low of $13.94 and a 1 year high of $21.37.
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of the company. Capital Investment Advisory Services LLC increased its position in Global X E-Commerce ETF by 46.9% in the 2nd quarter. Capital Investment Advisory Services LLC now owns 2,522 shares of the company’s stock worth $47,000 after purchasing an additional 805 shares during the last quarter. OLD Mission Capital LLC acquired a new position in Global X E-Commerce ETF in the 4th quarter worth about $29,000. Royal Bank of Canada increased its position in Global X E-Commerce ETF by 12.3% in the 2nd quarter. Royal Bank of Canada now owns 20,050 shares of the company’s stock worth $371,000 after purchasing an additional 2,202 shares during the last quarter. Johnson Financial Group Inc. acquired a new position in Global X E-Commerce ETF in the 4th quarter worth about $41,000. Finally, Susquehanna International Group LLP increased its position in Global X E-Commerce ETF by 20.0% in the 1st quarter. Susquehanna International Group LLP now owns 15,367 shares of the company’s stock worth $277,000 after purchasing an additional 2,561 shares during the last quarter.
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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