Global X E-Commerce ETF (NASDAQ:EBIZ) Shares Up 0.4% – Here’s Why

Global X E-Commerce ETF (NASDAQ:EBIZ)’s stock price shot up 0.4% on Tuesday . The company traded as high as $35.34 and last traded at $35.31. 2,228 shares changed hands during trading, a decline of 85% from the average session volume of 14,820 shares. The stock had previously closed at $35.15.

Global X E-Commerce ETF Price Performance

The stock has a market capitalization of $89.67 million, a P/E ratio of 21.86 and a beta of 1.24. The stock’s fifty day moving average is $32.85 and its two-hundred day moving average is $30.21.

Global X E-Commerce ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Monday, July 7th. Investors of record on Friday, June 27th were issued a dividend of $0.0975 per share. The ex-dividend date was Friday, June 27th. This is a positive change from Global X E-Commerce ETF’s previous dividend of $0.01.

Institutional Trading of Global X E-Commerce ETF

Large investors have recently added to or reduced their stakes in the business. Cetera Investment Advisers boosted its holdings in Global X E-Commerce ETF by 31.4% during the fourth quarter. Cetera Investment Advisers now owns 24,779 shares of the company’s stock worth $687,000 after buying an additional 5,920 shares in the last quarter. Flow Traders U.S. LLC acquired a new position in Global X E-Commerce ETF in the 1st quarter worth approximately $634,000. Banque Cantonale Vaudoise acquired a new position in Global X E-Commerce ETF in the 1st quarter worth approximately $59,000. Vivaldi Capital Management LP boosted its stake in Global X E-Commerce ETF by 9.2% in the 4th quarter. Vivaldi Capital Management LP now owns 11,184 shares of the company’s stock worth $329,000 after purchasing an additional 943 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Global X E-Commerce ETF by 61.2% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 65,809 shares of the company’s stock worth $2,014,000 after purchasing an additional 24,979 shares during the period.

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.